[ale] OT fairtax isn't

[Byron A Jeff]

On Fri, Mar 16, 2007 at 04:32:52PM -0400, Matt Kubilus wrote:
> I won't go into how bad of an idea the prebate is, but it goes to show
> that the people proposing this don't understand the lower class.

I'm not clear on it either. Care to expound upon this point?

> A better solution would be no-tax on food, %22 on goods, with no max tax
> cap. 

Why is food only separate? There are other essential services (shelter,
clothing). Why not untax those? Also the problem with untaxing food is that
different foods have vastly different values. Same for clothing and shelter.

> Currently items are taxed for the first $7000 only. 
> So someone
> buying that used toyota pays as much sales tax as someone buying a
> yaht.  Keep an eye on who makes the rules and which classes have the
> power to make the rules.

Really? That's terrible!

BAJ
> 
> -Matt
> 
> On 3/16/07, Greg Freemyer <greg.freemyer at gmail.com> wrote:
> > On 3/16/07, Matt Kubilus <mattkubilus at gmail.com> wrote:
> > > On 3/16/07, Jeff Lightner <jlightner at water.com> wrote:
> > > > Well we'll have to agree to disagree.
> > > >
> > > > Confusing because of "prebates".   I don't see the need.  If you only
> > > > make $1000 a year you pay significantly less than someone making
> > > > $1,000,000.
> > > >
> > >
> > > But the tax for the person making $1000 is going to reduce the ability
> > > of the destitute to buy bread, whereas tax on the person making
> > > $1,000,000 reduces their ability to buy a 17th BMW.  It's a question
> > > of what is just in a society.  Do citizens have a basic right to the
> > > necessities of life in the wealthiest nation in the world, or do
> > > citizens have the right to sit on 'their' pile of cash and watch the
> > > nations infrastructure crumble around them.
> > >
> > > What has anyone figured that this sales tax economy will cost per
> > > dollar.  Tennessee (no state income tax) has a %9.75 tax on all goods,
> > > food or BMW.  Georgia income tax is about a fourth of the state income
> > > tax, so round about %50 on all goods.  That's going to be some
> > > expensive milk and cheese, let me tell you.
> >
> > IIRC, it is about 22% for the Feds, but with low-income people getting
> > a prebate equal to 22% of their income, so they effectively continue
> > to not pay taxes.
> >
> > Greg
> > --
> > Greg Freemyer
> > The Norcross Group
> > Forensics for the 21st Century
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> >
> 
> 
> -- 
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> chest.  -- John J. Rakos
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