http://www.fairtax.org/site/PageServer
It doesn't get much simpler than this.
Too bad it will never happen with todays politicians (all of them).
Originally Posted by Chica Chaser
Well Chica, here is just one thing why Fair Tax is a very bad idea, but really, I can come up with a thousand more, or 10 thousand.
A city has money for 2 housing projects, 1 for regular housing, 1 for low income housing. Bids can be made by every construction company.
Well the city gets 25 bids.
25 for the regular housing, zero for the low cost housing.
Why? The builders make more money of regular housing than of low cost housing. Unless ......................... there is a tax break for the company that wants to bid on the low cost housing.
This shows: using tax as a political instrument.
That is necessary and will always be necessary.
If we would go dollar for dollar:
I pay $1000 and the billionaire pays $1000, where would that go:
Riots is the street, Millionaires in the streets with their throat cut off, Billionaires hanging from the roof of Nordstroms and Macy's
Walmart would be absolute king in the world, so they can abuse even more Chinese workers and be even more cheaper.
Who cares that their Chinese workers commit suicide en masse because they have millions more Chinese workers, and they can always go to India or Vietnam or Bangladesh. Never ending supply of tools (yeah that's people, they call them tools)