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Comment Re:Unfair tax [Re:Screw the American auto industry (Score 1) 288

BLUF: (Bottom Line Up Front) To repeat what rally2x said: "Luxury goods" is a misnomer -

Go argue with rally2xs. His exact words were "The FairTax essentially is a luxury tax"

it's actually spending above the poverty line that is taxed.

That's meaningless. Spending can't be "above or below the poverty line". Income can be above or below the poverty line.

Under most standards, the criteria to get the prebate IS NOT COMPLICATED: Are you a legal resident of the USA? You get the prebate.

So, the heart of the "Fair" tax is Universal Basic Income. Wow. Really, you should lead with that.

Comment Re:Unfair tax [Re:Screw the American auto industry (Score 1) 288

Well, except fairtax isn't really VAT,

Well, except it does the exact same thing as VAT, just with added complexity.

Again: Value Added is nothing more than a very simple mechanism for implementing a sales tax. Yes, you can make a more complicated mechanism, but the end result is a sales tax that doesn't double tax items when you buy something and then sell it.

The European countries which have VAT do it this way because it is simpler than other mechanisms for avoiding double taxing.

But, of course the "Fair" tax also adds complications for deciding what's "luxury" and what isn't, and also a complicated mechanism for deciding who gets the handout and who doesn't. So, really, it's not just a little more complicated, it's a lot more complicated.

Comment Re:Unfair tax [Re:Screw the American auto industry (Score 1) 288

FairTax is not VAT. FairTax is a 23% inclusive tax rate on new goods for sale at retail and services.

That is a Value Added Tax by another name. You just don't like that word.

You're saying "oh, it's not value added because you're collecting it at the retail level," but that's irrelevant, because the effect is exactly the same: you're taxing goods sold. "Value added" is just a mechanism to distinguish whether a given item being sold is going directly to the user, to a shop is a middleman between manufacturer and user, or to someone who is going to use the item for making something that is resold. You can invent another mechanism, but the result is the same: you're taxing stuff sold.

Comment Easy: just give people money [Re:Unfair tax, cont] (Score 1) 288

". I have no idea how you plan to do this, "

You give everybody enough money to buy everything up to the poverty level.

Your tax plan is that you will give people money?

OK. You should just have said "Universal Basic Income" right at the start.

You'll have to increase the tax rate to cover that, of course, but leaving that part out is probably a good idea.

Comment Re:Scalable is not enough (Score 1) 53

Mitigating climate change is for human civilization defense.

How does this mitigate climate change?

The major input is electricity from the grid.

Singapore generates 92% of its electricity from natural gas and 4% from diesel.

Nothing in TFA indicates this scheme is breakeven or better on CO2 emissions.

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