Talking about whether Fairtax would be 23 or 30% is like two mental patients, deciding whether the Halle Bopper commet will come get them on a Tuesday or Wednesday.
Fairtax is a farce — literally, a farce. It wouldn’t be near 30% — it would be more like 70-100%, and collapse. The only question is – how high would it get, before the whole system crashed — 70 or 100%
First of all, Fair depends on the absurdity of the FEDERAL government PAYING ITSELF 800 billion or more each year. Utter nonsense, complete and utter nonsense.
Don’t believe me that Fairtax depends on the government paying itself a large portion OF ITS OWN TAXES?? Read the book. Page 148, “The federal government itself will become a MAJOR taxpayer.”
No, the federal government CAN NOT pay itself 800 cents, much less 800 billion dollars. Why? Because of LOGIC. When the government writes itself a check for those taxes, it has to PAY the check. You can’t possibly count it as income.
As amazing as it is – these fools are depending on the federal government PAYING itself.
And thats just the START of the absurdity. This would be THE HIGHEST SALES TAX ON EARTH.
Not only would this be the highest sales tax on earth — it would apply to things NO ONE ELSE even taxes. These morons are going to tax cancer surgery — chemotherapy, nursing home patients. If you spend 500,000 to keep your child alive, these morons will hit you with a 200,000 tax.
If you want to buy a new house — if you saved your money for years, and now want to buy the home of your dreams for 400,000, these morons would TAX you 150,000 in SALES taxes. You might only make 40,000 a year — so what. They don’t care. You will be taxed 150,000 on that new house.
Heaven forbid you buy a new house the same year you have high medical costs — you could easily have 300,000 dollars going to SALES taxes — even though you only made 30,000.
Its insane — its a farce — its bullcrap. Its literally a farce.
I hope they pass it. I want to see this farce in action.
Sadly — Fairtax “leaders” know its a farce, and they aren’t trying to pass it. They are trying to fool stupid people — gullible people. And that they are doing.
Please pass this tax – PLEASE. I would love it.
