"Fair Tax" Failure

This is my original video on the "Fair Tax" that I did a few weeks ago that I referred to at the beginning of my video entitled, "The REAL Pirate Tax". I yanked it before much of anyone saw it, so this will be new for 95% of you at least. I just added an introduction to make it clear that it's not actually Mannix's position on the subject (the reason I removed it initially). The points are still very valid though, and so since many people that never saw it told me that they wanted to see it, I am releasing it in this form. Enjoy!

Category:

News & Politics

Tags:

• fair
• tax
• failure
• fail
• nonsense
• liberal
• conservative
• politics
• flat
• national
• sales
• democrats
• republicans
• rich
• poor
• wealthy
• financial
• economic
• news
• analysis
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• commentary
• educational

[a0eoj]

The Fair Tax is just a bullshit scheme to help ultra-rich people keep more of their money.

[zombiechaddy]

It takes you until 2:05 to make a point. When it comes to the percentage point, no matter how you calculate it, you're NOT paying any more for your purchases. The one point I'll give you is that numerous, non-biased sources would definitely be nice.

[kikiochiachi]

OH yeah, then let's just keep the current tax code, right?

[1969was1969]

@eseoficial You are arguing apples and oranges... yes, I agree the wealthy need to pay more now, that can be achieved by treating capital gains as regular income, or by the Buffett rule. Under the "Fair"Tax aka National Sales Tax -INclusive aka NASTI, the wealthy would pay les than now. This is not my opinion, it is fact directly from the Fair Tax organization's own research. The "Fair" Tax would shift the tax burden onto the middleclasses and destroy our economy completely.

[prowlin4reds]

Sorry but your analysis of the fairtax is inaccurate.

[eseoficial]

@1969was1969 Do you honestly believe high income peeps pay their taxes in full? They pay cheaper taxes than low income, and mid income.(damn you loopholes).. In my opinion FairTax is a good idea.

[johnesdman]

As well as that, it is more simplistic, transparent, and the wealthiest Americans who dont tend to get taxed on payroll ( they get their money in capital gains and investments) will end up paying for the same tax percentages as the rest of us. Illegal immigrant problem will be done away with and drug dealers and underground criminals will pay even more because they will not get the prebates.( the monthly check from the government for the money needed to survive, around 400 bucks for a family of

[johnesdman]

What the hell are you talking about? You did not give any real information or statistics. Most fairtax oppositionists tend to believe that the taxing system in place now in the u.s must be the best because it hasn't been changed yet. Open your eyes, get the facts. The tax would bring millions of jobs through the business sector and outsourced corporations will come back bringing an estimated 11 million dollars that we lost by having the highest corporate tax on the planet

[1969was1969]

There really is no debate, as Americans For Fair Taxation's OWN RESEARCH states this fact: the "Fair" Tax aka National Sales Tax-Inclusive aka NASTI would on average raise the effective taxes (i.e. raise the amount of taxes they pay) of those making from around $15,000 to $150,000 ,and would on average lower the taxes paid by those who make more than $150,000 a year. It is a very bad idea, and would destroy the US economy if enacted. Thankfully it never will even be considered for a vote

[Voiceofreason0220]

@epw0003 I actually did some research on this. We would probably be saving more along the lines of 13 billion. Still a nice chunk taken out, but nothing substantial.