Thread: FairTax and Trade

Originally Posted by Judy

Add another one to the list of people who do not understand how our economy and trade works to the list of opponents to the FairTax who have denied the American people and our businesses all the advantages of the FairTax for 19 years.

Originally Posted by Judy

No business "along the chain" pays any FairTax, thus there is no tax for a business to avoid with a "black market".

You really don't know what the black market is! If a manufacturer or importer sells their product to the black market, no tax is paid/collected on that product. That is attractive because the end user price will be lower by the amount the tax would have added.

Originally Posted by Judy

There is no advantage to foreign producers under the FairTax.

And no penalty. And if they can smuggle it into our country, they evade that tax quite easily!

Originally Posted by Judy

They may have products we want to buy, fine, that's no problem. They are free to charge whatever tariff they want on US exports, our exports are tax free under the FairTax, let them have at it.

And that keeps the trade deficit we have right now! Not point to a change for that.

Originally Posted by Judy

We don't care. If the price is too high their own consumers are denied access to our goods.

So we will continue to have a trade deficit because they will export to us, but not import from us.

Originally Posted by Judy

Our exports are such a small piece of our economy, it doesn't matter.

So why all the crying about tariffs? You are ignoring a lot.

Originally Posted by Judy

Exports out of our economy just raise the price of the goods for US consumers.

Wow! That's not what the farmers and other exporters claim!

Originally Posted by Judy

Americans don't want to buy products produced by slave labor from countries that pollute the planet.

You have sure been drinking a lot of that Koolaide! We wouldn't have a trade deficit with China if that were true!

Originally Posted by Judy

The purpose of protection is to protect our market, our consumers, our businesses from companies overseas who use slave labor, who pollute the planet, and subsidize their businesses because they're owned by the government.

And how would the FairTax do any of that? It is only a different method of collecting revenue from our citizens and businesses!

Originally Posted by Judy

The national debt is the direct result of free trade policies, in fact, if you compare the deficit each year with the trade deficit of that year, they are virtually the same.

BULL!

Originally Posted by Judy

the government spent the money supporting Americans who lost their jobs because of deficits caused by free trade policies that were started in 1913 by the income tax.

The first five words of that are the fact: "The government spent the money"!

Originally Posted by Judy

The income tax act was passed in 1913 to cover the losses of tariff revenue because Congress reduced tariffs

So tariffs were a protection that was removed. The FairTax , according to you, would remove even more tariffs.

Originally Posted by Judy

when you cut income taxes trying to prop up the economy, you are left without the money supply operating within our borders due to imports that would have otherwise been supplied by domestic producers, leaving the government with more unemployed and under-empolyed Americans to support, fewer businesses and individuals paying income taxes, and the deficits are paid with borrowed money supply usually from the same countries who stole our companies and jobs to pay for it.

And a different tax method will not change that!

Originally Posted by Judy

When you don't understand a tax plan or the US economy, you probably shouldn't comment on it as if you do.

When you don't understand economy, you shouldn't endorse a new tax plan that you don't understand!