Johnwk wrote:

Under the alleged fairtax, a monthly check is sent to every qualified household which may be used by the household as it pleases. The necessities of life are not exempt from the alleged "fairtax". By contrast, our founders intended that the necessities of life would not be taxed.
Under the FairTax, the Rebate ensures the "necessities of life" are not taxed if you're a US citizen or a legal resident, have a valid Social Security number, and want to sign up for the Rebate. That's the whole purpose and point of the FairTax Rebate. They even send out the Rebate in advance so you have the cash in hand to pay your FairTaxes on your "necessities of life" as every consumer eligible for the Rebate chooses. Americans are in charge of their own lives, their federal tax payments, and their government under the FairTax, the way it should be.

The FairTax eliminates the burden of reporting income, the invasion of disclosing all your personal life to the government, the cost of compliance, the cost of returns, the risks of making mistakes, the cost of the mandated tax itself, the reduction in earnings, the loss to expendable income siphoned off the top and sucked into the government before it even gets to work and multiply in our economy, the enormous cost to businesses, the double taxation, the mandates of being forced by the government to pay tax when they want you to pay it, sometimes even when you don't have it to pay, it's called phantom income, income on paper that's taxable but no cash to write a check on to pay it. The income tax is evil. The FairTax is not. The FairTax is as perfect a tax plan as I've ever seen, absolutely brilliant, but there may be things that people want to change before it passes Congress, and I'll probably have no problem with those, but I wouldn't mess too much with it, because it solves or helps to solve all types of problems including trade and immigration issues.

I started this thread about the FairTax and Trade because it would solve so many of our trade deficit issues without any squabbles or confrontations with foreign governments over the deficits. They might still squabble about unfair tariffs and intellectual property theft, dumping and currency manipulation, but meanwhile, our manufacturers would be roaring back home, building new plants and expanding existing ones, with the most competitively priced products on the world market and our trade deficits would disappear very quickly in due course without conflicts, with or without a Rebate. The Rebate is irrelevant to the issue of FairTax and Trade. The Rebate is relevant to the issue of the FairTax and Illegal Immigration. I'll start a thread on that one later next week after the Summit.