Mike Gravel - On Fair Tax

Mike Gravel explains the benefits of his plan for a Fair Tax; a sales tax to replace the income tax.

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  News & Politics

[FamousDave2186]

Man you matched that word for word. This nimrod got like 5 accounts and he uses the word dumb fuck like he's obsessed with the word.

[pauliswood]

Hell, I say let them keep spamming and insulting people.

It's obvious to US that there is no good reason to oppose the Fair Tax....If they can't put a coherent sentence together it will be obvious to others.

[lostbuffalo]

The Fair tax is a Libertarian invention but the republicans have seized on it and modified it as a way to eliminate the shared responsibilities for the tax burden between capital gains and labor...and shift the tax burden entirely to labor.

[lostbuffalo]

The only way your going to have a fair tax that is fair is if:

Sales of financial instruments and investments are taxed

The labor cost of a service is exempted from the fair tax

You employ not a "sales tax" but a "sales AND use tax".

And there is no business exemption of the sales and use tax other than for the materials and labor going into the product.

Not for profits and public institutions are exempted from the sales and use tax

[lostbuffalo]

regarding value added component of fair tax..

All added value comes from labor

Exempting industry from the consumption tax and applying the fair tax shifts the tax burden from capital gains+labor entirely to labor.

[lostbuffalo]

Services should not be taxed.

Why get rid of the income tax which is on labor and capital gains.... and apply a service tax which is on labor... see the math? It is removing taxes on speculation and investment and placing it 100% on labor.

[kurolap]

So am I correct in understanding that EVERYTHING will be taxed (even necessities) the proposed 23% but then people (based on their living situation) will get a monthly rebate (prebate) check to pay for those necessities?

If that's true then you're right in saying that if we give one thing an exemption, that now leaves room for "This should also not be taxed because of bla bla bla"

[FairTaxisaLie]

You are unable to go look at the data, and have fallen for the lies of the wealthy businessmen who came up wioth the idiotic "Fair" Tax / National Sales Tax.

Prices do not remain the same-- you are falling for the "embedded taxes" canard. Go do the math or have someone explain it to you, there is not 23% of embedded taxes in what you purchase.

Yes, you just admitted-- retired persons who save now would be penalkized if a Fair tax came along.

100% is not USA taxed. See Bahamas

[FairTaxisaLie]

The fairtax in no way reduces cheating, in fact it would encourage black markets across the spectrum. Illegals would add up to a pittance.

You can't average compliance costs across citizens evenly-- the honest way to do that is by income. Compliance costs for the poor and middle classes are negligent, and any decreases in compliance for big business would be offset by higher costs of compliance for small businesses and increased governmental collection and payout ("prebate") costs.

[FairTaxisaLie]

Again you miss the important points:

Purchases of stocks cannot be taxed with an NST/FT-- the wealthy would BUY UP AMERICA tax free.

Purchases of castles and mansions in Europe, the Bahamas, etc, cannot be taxed with a NST/FT.

Retired Americans who already paid taxes on their sabvings will be taxed on that money again.

Fairtaxorg's own data shows that retired and middle class people would pay more under the NST/FT.

[dtvgmedia]

Unfounded assertion after another. You prove yourself incapable of telling the truth or doing nothing more then spinning it.

There is no reason to avoid taxes in the Bahamas when prices remain largely the same.

People that save 4 retirement buy more in their retirement years then they earn in retirement. They also pass on leaving the wealth they created to their heirs who pay the fairtax when they spend it.

100% of wealth created is taxed once at 23%.