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  1. #1
    Senior Member Judy's Avatar
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    FairTax and Trade

    Just a note to anyone who is interested about the vehicle of the FairTax to resolve trade deficits.

    1. The FairTax taxes consumption at the retail final point of sale instead of taxing income. That means every element from manufactured parts, services, research, technology, transportation, components, energy, everything that is part of the supply chain of that product or service is taxed at the final point of sale of the final product or service. There is no tax on the producers, only the consumer.

    2. As a result every sale of every new product or service in the United States is taxed the same by the FairTax, whether domestic or imported.

    3. As a result of that, our producers are on a level playing field with a comparative advantage over foreign producers.

    4. As a consequence of that, you don't need trade agreements or complex trade deals to balance the trade deficits. You might need them for unfair practices like stealing intellectual property and currency manipulation, but you don't need them to balance the trade deficit, the FairTax does that without confrontation, without debate, without arguments, trade wars, etc., because it just balances in normal course, because with the FairTax everyone is charged the same tax, and because our domestic producers are here with tremendous location, intellectual and technological advantages, our producers will prevail over foreign competition.

    I strongly urge the President and Congress to consider this enormous trade fix advantage of the FairTax as everyone is blowing up over "tariffs". The FairTax does not eliminate tariffs, both the President and Congress would retain the right to impose tariffs for national security, trading violations, dumping, and any other reason they have, but they would not be necessary to balance the trade deficits. The FairTax will do that automatically in due course and do so very quickly without fuss or muss or international conflicts and disputes.

    GET SMART!!! FAIRTAX NOW!!
    Last edited by Judy; 06-03-2018 at 01:45 PM.
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  2. #2
    MW
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    Just say NO to the unfair tax fraud!

    http://fairtaxfraud.com/fair.asp

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    Senior Member Judy's Avatar
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    It's people like the poster of the last reply who have prevented this legislation from passing in the US Congress for 19 years. Meanwhile, foreign competitors eat our lunch, steal our money supply, cost 70,000 manufacturing plants, millions of manufacturing jobs, trillions in lost wealth in trade deficits and grown poverty programs that have grown the national debt to $21 trillion plus more every day until we solve these trade problems.

    The FairTax isn't about an individual's little loophole situation they've secured through the complex income tax, the FairTax is about an economic system that benefits every person and business in the United States. It's time all Americans got their eyes off themselves and their own little personal tax deals and put them on what's best for the country as a whole.
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    Quote Originally Posted by Judy View Post
    It's people like the poster of the last reply who have prevented this legislation from passing in the US Congress for 19 years.
    Judy's blood is boiling so much she can't even say his name!

    I am for a different tax system. But I see many flaws in this "FairTax".

    For instance, Judy writes:
    "1. The FairTax taxes consumption at the retail final point of sale instead of taxing income."
    This will create a big opportunity for a black market. Selling the products anywhere along this chain would net an easy 20% profit.

    A proposal I had is a point of origin tax. A manufacturer or importer pays a tax on each item when it ships out, base on the MSRP. After that, distributors and retailers are free to mark up or down the price, in competition however they see fit. the tax is already collected. So there would be little advantage to selling to the black market.

    "3. As a result of that, our producers are on a level playing field with a comparative advantage over foreign producers."
    Wrong! Foreign producers not restricted by environmental laws and wage laws, can still undercut domestic producers.

    "4. As a consequence of that, you don't need trade agreements or complex trade deals to balance the trade deficits."
    Wrong! If another country slaps a 100% tariff on imports from us, they win. we have no protection.

    Quote Originally Posted by Judy
    the national debt to $21 trillion plus more every day until we solve these trade problems.
    The Trade Deficit did not create out National Debt. That is directly the Congress spending more money that we take in. And borrowing those $22 trillion dollars causes inflation which increases the cost of everything, including the interest on that debt. INFLATION BAD!

    Quote Originally Posted by Judy
    The FairTax isn't about an individual's little loophole situation they've secured through the complex income tax, the FairTax is about an economic system that benefits every person and business in the United States.
    ANOTHER FALSEHOOD. It just spreads the burden around to more people, like those in criminal activities and under the table transactions. Of course it will not benefit them.
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    Senior Member Judy's Avatar
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    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. No business "along the chain" pays any FairTax, thus there is no tax for a business to avoid with a "black market".

    There is no advantage to foreign producers under the FairTax. 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. We don't care. If the price is too high their own consumers are denied access to our goods. So what? Are they going to starve their own people? Their choice. Are they going to turn the lights out on their own people? Their choice. If they want Chinese Bourbon instead of Kentucky Bourbon, their choice. We don't care. Our exports are such a small piece of our economy, it doesn't matter. It never did. Exports out of our economy just raise the price of the goods for US consumers. Americans don't want to buy products produced by slave labor from countries that pollute the planet. That's our choice, not theirs.

    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.

    The FairTax does all of that for US. Under the FairTax, our companies will be able to produce and sell to US and anyone else who wants our products and services and while their companies are burdened with socialist taxes, communist economic theories, and the stupidity that accompanies that, our companies, lean and mean, free of tax can compete with them every day of the week and twice on Sundays. That's all the US has ever needed or wanted. And that's exactly what we get with the FairTax.

    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. You think government spending is responsible, but you don't know why the government spent the money, 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 income tax act was passed in 1913 to cover the losses of tariff revenue because Congress reduced tariffs and that relationship between the income tax and free trade has not only continued but grown dollar for dollar every single year, and 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.

    When you don't understand a tax plan or the US economy, you probably shouldn't comment on it as if you do.
    Last edited by Judy; 06-03-2018 at 05:13 PM.
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    Quote Originally Posted by Judy View Post
    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.


    Quote 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.

    Quote 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!

    Quote 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.

    Quote 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.

    Quote 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.

    Quote 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!

    Quote 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!

    Quote 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!

    Quote 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!

    Quote 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"!

    Quote 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.


    Quote 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!

    Quote 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!
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  7. #7
    Senior Member Judy's Avatar
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    Who do you think pays the FairTax?
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  8. #8
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    Quote Originally Posted by Judy View Post
    Who do you think pays the FairTax?
    We, The People!
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  9. #9
    Senior Member Judy's Avatar
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    Quote Originally Posted by jtdc View Post
    We, The People!
    Consumers. So why do you write posts claiming manufacturers and importers are smuggling goods into the country to sell on the black market to avoid a tax they aren't subject to in the first place??!!
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    Quote Originally Posted by Judy View Post
    Consumers. So why do you write posts claiming manufacturers and importers are smuggling goods into the country to sell on the black market to avoid a tax they aren't subject to in the first place??!!
    Manufacturers pay business taxes to the government. Importers pay taxes to the government. Retailers pay business taxes to the government. They also collect taxes from the consumer/citizen. All businesses are only agents for the collection of taxes from the people. Most of it is included in the price of whatever a consumer purchases. Certain taxes, like income tax, property tax, and the like, are paid directly to the government by the citizen/consumer! SO ALL TAXES ARE PAID BY WE THE PEOPLE!

    Criminals try to avoid paying these taxes, so they try to sell products on the black market. That's why I write posts claiming the manufacturers and importers smuggle goods into the black market.

    Did you graduate high school?
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