Thread: FairTax and Trade

I do it for fun. I love exposing the stupidity of the old farts that created this mess in our country. A long time ago when I was in college, our assignment was to devise an alternative tax system to the individual income tax. The assignment didn't deal with replacing the payroll tax, just the other income-based taxes. My paper presented a national retail sales tax of 7% on all retail goods and service including used goods. The professor liked it so much he gave me an A + and read it to the class. There were people like you in the class who turned and snarled "what about my Daddy's hotel and meal expenses he incurs when he's on the road as a salesman?" To which I replied, "What about them? He doesn't pay any tax so there's no tax to deduct his expenses from, so what about them?" It was like looking into the eyes of a dead person, they had no comprehension of tax at all.

My professor asked my permission to take my paper and present to a group of tax experts and economists struggling with trying to find an alternative for the income tax because they knew even then the income tax was killing our country if it wasn't dealt with.

The snag ever since until the FairTax has been how to effectively and economically deal with the "necessities of life" so the tax wouldn't be regressive and overly burdensome on the poor. So 70,000 lost factories and $22 trillion in debt later, it's still the snag. People are addicted to the income tax, and I have no earthly idea why other than they think they're getting something for free at someone else's expense.

That's why some people hate the FairTax, it grinds all that to a halt, no one is special, everyone who is a citizen or a legal resident is treated the same, it's completely egalitarian. People like me love that about the FairTax, but people like you, jtdc and Johnwk hate it. That's just the way it is. The FairTax doesn't need any of you to pass. It needs a few more Republicans in Congress and Donald Trump. We'll see how things work out in the mid-terms.