Comment Re:Exactly! (Score 1) 1193
It sounds like your understanding of the FairTax might be retarded, but if you read the bill (it's only a bit over 100 pages long), you might be able to change some of your misconceptions.
the fairtax creates the largest welfare system every envisioned by man and is in no way enforceable.
Please elaborate. Why is it not enforceable? Almost every state in the U.S. runs that way, why can't the federal government? Why do they have to invade every citizen's privacy to tax them on income? There are fewer retail businesses than there are wage earners - it's easier for the IRS to watch over the retail business, just because the numbers are fewer.
What happens when you try to buy a BMW here? Are the German's expected to take a 23% hit because someone here came up with a messed up tax system?
I didn't know the U.S. government was supposed to watch out for German concerns. Wouldn't it be great if U.S. auto companies got a leg-up on foreign competition? What would happen? BMW would build more cars in the U.S.! What happens now? The cars are taxed when they are sent to the U.S., and the person who buys it had his income taxed more than 23% before he spent a dime. Why pay taxes on every penny you make? Just pay taxes when you spend it!
Are you going to charge a sales tax on investments?
No, you might want to read the bill before you blast it. Education and investments aren't taxable. Neither is charitable giving, savings, inheritance or buying used goods. Don't just listen to what the talking heads say, do a little of your own investigation, and compare it to what we have now for a federal revenue system.