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  1. #1
    Member Member Koga No Goshi's Avatar
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    Default Re: the Fair Tax

    Quote Originally Posted by JAG View Post
    How can it be fair when there are goods EVERYBODY NEEDS to get, such as break and milk, yet Prince or Pauper will get taxed the same.

    Basically it shifts the burden of taxation onto the little guy, with much more of their money going on tax for essentials while the rich can just keep getting richer.

    A fair tax worth the name is a redistributive, progressive tax policy.
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  2. #2
    Member Member Oleander Ardens's Avatar
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    Default Re: the Fair Tax

    Smells like a Miltonian black-hat operation. Or after more consideration is a bit less extremist camo of Friedmanns exact ideas. Note how much the talk about abolishing taxes - strange that the rich and very rich will profit percentage wise vastly more - income tax, estate tax, capital gain - than the rest. If you belong to the middle class or to the poor you are a fool to think about supporting this. It holds a sweet snack in front of a donkey
    Last edited by Oleander Ardens; 11-07-2008 at 12:05.
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  3. #3
    Praefectus Fabrum Senior Member Anime BlackJack Champion, Flash Poker Champion, Word Up Champion, Shape Game Champion, Snake Shooter Champion, Fishwater Challenge Champion, Rocket Racer MX Champion, Jukebox Hero Champion, My House Is Bigger Than Your House Champion, Funky Pong Champion, Cutie Quake Champion, Fling The Cow Champion, Tiger Punch Champion, Virus Champion, Solitaire Champion, Worm Race Champion, Rope Walker Champion, Penguin Pass Champion, Skate Park Champion, Watch Out Champion, Lawn Pac Champion, Weapons Of Mass Destruction Champion, Skate Boarder Champion, Lane Bowling Champion, Bugz Champion, Makai Grand Prix 2 Champion, White Van Man Champion, Parachute Panic Champion, BlackJack Champion, Stans Ski Jumping Champion, Smaugs Treasure Champion, Sofa Longjump Champion Seamus Fermanagh's Avatar
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    Default Re: the Fair Tax

    Folks, the Fair Tax has a couple of key components that address most of your concerns.

    1. Federal revenues should not be decreased as a result of this shift in taxation format.

    2. NO OTHER FEDERAL TAX IS LEVIED -- no FICA, no Medicare, no whatever. One source of taxation revenue.

    3. There is an individual "prebate" due each citizen at the beginning of the month. This prebate is a direct payment by the government, in advance, for the tax to be paid for spending on basic shelter & sustenance. Yes, the "little guy" would be paying 25% on his rent, but would have already received a check for $X to offset the expected taxation cost of her housing and food. This "prebate" would be the same for every citizen or legal resident.

    4. Much of the underground economy would be taxed. Even if the industry in question was illegal, sooner or later the proceeds thereof will be used to purchase legitimate goods and then they'll be taxed.


    The Fair Tax goal is NOT to change federal revenue, nor to put a burden on the "little gal." The goal is to avoid a scenario that is confiscatory to ANY segment of society will simplifying the process. This would allow us to downsize the IRS and focus government spending on those programs deemed most necessary by the leadership and the people.
    "The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.” -- Milton Friedman

    "The urge to save humanity is almost always a false front for the urge to rule." -- H. L. Mencken

  4. #4
    The Usual Member Ice's Avatar
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    Default Re: the Fair Tax

    Quote Originally Posted by Seamus Fermanagh View Post
    Folks, the Fair Tax has a couple of key components that address most of your concerns.

    1. Federal revenues should not be decreased as a result of this shift in taxation format.

    2. NO OTHER FEDERAL TAX IS LEVIED -- no FICA, no Medicare, no whatever. One source of taxation revenue.

    3. There is an individual "prebate" due each citizen at the beginning of the month. This prebate is a direct payment by the government, in advance, for the tax to be paid for spending on basic shelter & sustenance. Yes, the "little guy" would be paying 25% on his rent, but would have already received a check for $X to offset the expected taxation cost of her housing and food. This "prebate" would be the same for every citizen or legal resident.

    4. Much of the underground economy would be taxed. Even if the industry in question was illegal, sooner or later the proceeds thereof will be used to purchase legitimate goods and then they'll be taxed.


    The Fair Tax goal is NOT to change federal revenue, nor to put a burden on the "little gal." The goal is to avoid a scenario that is confiscatory to ANY segment of society will simplifying the process. This would allow us to downsize the IRS and focus government spending on those programs deemed most necessary by the leadership and the people.
    Good post, Seamus.

    It does amuse me when people pretend to know what they are talking about in these threads, which is not to say I'm immune from such action.



  5. #5
    Praefectus Fabrum Senior Member Anime BlackJack Champion, Flash Poker Champion, Word Up Champion, Shape Game Champion, Snake Shooter Champion, Fishwater Challenge Champion, Rocket Racer MX Champion, Jukebox Hero Champion, My House Is Bigger Than Your House Champion, Funky Pong Champion, Cutie Quake Champion, Fling The Cow Champion, Tiger Punch Champion, Virus Champion, Solitaire Champion, Worm Race Champion, Rope Walker Champion, Penguin Pass Champion, Skate Park Champion, Watch Out Champion, Lawn Pac Champion, Weapons Of Mass Destruction Champion, Skate Boarder Champion, Lane Bowling Champion, Bugz Champion, Makai Grand Prix 2 Champion, White Van Man Champion, Parachute Panic Champion, BlackJack Champion, Stans Ski Jumping Champion, Smaugs Treasure Champion, Sofa Longjump Champion Seamus Fermanagh's Avatar
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    Default Re: the Fair Tax

    Quote Originally Posted by Kush View Post
    Good post, Seamus.

    It does amuse me when people pretend to know what they are talking about in these threads, which is not to say I'm immune from such action.
    To be fair to them, there is a "regressive" character to most sales taxes, since the tax levied represents a larger proportion of total wealth for someone who does not have a lot of money or income than it does to someone making megabucks.
    "The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.” -- Milton Friedman

    "The urge to save humanity is almost always a false front for the urge to rule." -- H. L. Mencken

  6. #6

    Default Re: the Fair Tax

    The problem I see with a sales tax based system is when you have a economic slow down you will instantly cut federal revenue, more so then if you tax income.
    What, you never seen a Polock in Viking Armor on a Camel?

  7. #7
    Member Member Koga No Goshi's Avatar
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    Default Re: the Fair Tax

    Quote Originally Posted by m52nickerson View Post
    The problem I see with a sales tax based system is when you have a economic slow down you will instantly cut federal revenue, more so then if you tax income.
    I oppose it on its regressive nature, I consider that sufficient reason to be against it, especially since a "simple tax system", while psychologically appealing, is equally simple to evade. However you are correct-- this system would, IMHO, only work well when the economy is doing well. Every 20 or 50 years you'd be gutting the government or going into steep deficit everytime an economic downturn hit.
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  8. #8
    Praefectus Fabrum Senior Member Anime BlackJack Champion, Flash Poker Champion, Word Up Champion, Shape Game Champion, Snake Shooter Champion, Fishwater Challenge Champion, Rocket Racer MX Champion, Jukebox Hero Champion, My House Is Bigger Than Your House Champion, Funky Pong Champion, Cutie Quake Champion, Fling The Cow Champion, Tiger Punch Champion, Virus Champion, Solitaire Champion, Worm Race Champion, Rope Walker Champion, Penguin Pass Champion, Skate Park Champion, Watch Out Champion, Lawn Pac Champion, Weapons Of Mass Destruction Champion, Skate Boarder Champion, Lane Bowling Champion, Bugz Champion, Makai Grand Prix 2 Champion, White Van Man Champion, Parachute Panic Champion, BlackJack Champion, Stans Ski Jumping Champion, Smaugs Treasure Champion, Sofa Longjump Champion Seamus Fermanagh's Avatar
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    Default Re: the Fair Tax

    Quote Originally Posted by m52nickerson View Post
    The problem I see with a sales tax based system is when you have a economic slow down you will instantly cut federal revenue, more so then if you tax income.
    I don't think a slow down would have such a grave impact. However, an out-and-out recession might. THAT is an issue worth considering.
    "The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.” -- Milton Friedman

    "The urge to save humanity is almost always a false front for the urge to rule." -- H. L. Mencken

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