The reason those countries are skyrocketing is not the 'fair tax' its having the freedom AND infrastructure at the same time to increase GNP.

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The Fair Tax always sounds great...I mean it's "fair" --- what's not to like?

But, it seems there are huge holes & unanswered questions. But, then again...that also seems to be the case with the current tax code...

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http://thecourier.typepad.com/rightonthemark/

"To educate a man in mind but not in morals is to educate a menace to society." --- Theodore Roosevelt

Well I wouldn't use the word fair to describe tax. As we've established the only fair method is to pay for what you get/use. NO ONE is doing that.

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You know, the more I think about this the more concerned I become about a possible perception problem. While it's true that the "Fair Tax" proposes to do a prebate for taxes on 'necessities', I've yet to see that include gasoline. I also don't see where the "Fair-Tax" would repeal gasoline taxes. What this translates to is an increase in the cost of gasoline at the pump. Considering that our economy is so driven by transportation, would this not in turn cause a mini-recession. I know that if I see the cost of gas go up, regardless of how much money I have in my pocket, I'm going to try to consume less. Now this is fantastic for environmental concerns but is dangerous to the transportation of goods and services if business take the same stance.

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Some of the toughest problems to iron out in the program will be the apportionment of the taxes amongst the different governing bodies if we go to only one tax source. How do states, cities and counties get what they need. Do they keep their same tax bases separate from the federal taxes?

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"Most people can't think, most of the remainder won't think, the small fraction who do think mostly can't do it very well. The extremely tiny fraction who think regularly, accurately, creatively and without self delusion---In the long run these are the only people that count."Robert Heinlein

I think constitutionally they have every right to keep their current tax code.

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We will be changing the Constitution in order to have the "NEW TAX" system.
I bet they considered that name but just knew how short thinking many are and figured they wouldn't even give it a chance if it was a NEW tax.

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"Most people can't think, most of the remainder won't think, the small fraction who do think mostly can't do it very well. The extremely tiny fraction who think regularly, accurately, creatively and without self delusion---In the long run these are the only people that count."Robert Heinlein

dabateman wrote:What category of taxation would you say the "Fair Tax" would be in?

Category? (Can you make it a multiple choice question?)


It is unlike almost any tax system done before.

My answers:
NATIONAL.......replacing ALL other national taxes.
ECONOMY BUILDING.......Frees businesses and encourages savings or investments.
POLITICS FREE.......no longer could politicians set up tax breaks as favors.
EVENLY DISTRIBUTED.......buy more,pay more. The rich buy more and will thus pay more.
NEW.......Just starting to be tested out in a few countries and all of them have high rates of expansion in their economies from being unfettered by taxation.

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"Most people can't think, most of the remainder won't think, the small fraction who do think mostly can't do it very well. The extremely tiny fraction who think regularly, accurately, creatively and without self delusion---In the long run these are the only people that count."Robert Heinlein

Adept1 wrote:It would have to fit into one of the two categories of taxation granted the federal government by the States: the direct tax system, or the indirect tax system (excises, and etc.)