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FairTax Thread
Reply (4)
Fairtax is outdated
The Fairtax solution was created over 20 years ago. This is pre-internet, smart, phone and social media. The presumptions in the Fairtax don't consider the ease that young people avoid paying for stuff. They no longer pay for music, magazines, newspapers, communication or entertainment. The world is also smaller. If the US instituted the FairTax, what is to stop people from ordering stuff online from Canada, Mexico, and the Bahamas. We would keep all of our paychecks and end up sending the money to other countries. Also, there would be all types of internet and social media bartering businesses created to avoid the new tax. The whole Fairtax needs to be reevaluated for modern times.
Posted by dabedrooombully at 10:06 p.m. November 10, 2011
Yes, I've read the book, and nowhere does it mention taxing the internet. Its "virtually" impossible to tax the internet. The price of goods would be the same, not lower. If goods were the same prices with a 22% tax of them, if would be cheaper to buy the goods in Canada.
Posted by kingerik at 01:02 a.m. December 11, 2011
It's just another way for the Federal Reserve to get more money from Americans..
Posted by ConfoundedSociety at 03:15 a.m. December 11, 2011
" If goods were the same prices with a 22% tax of them, if would be cheaper to buy the goods in Canada."
Based on what? The Canadian goods would still have the embedded taxes in them. If people aren't buying only Canadian goods now, why would they after the FairTax was implemented?
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Posted by squirr3lsl4y3r at 04:48 p.m. November 09, 2011
Why would people suddenly stop buying American products if the price of the goods stays roughly the same under the FairTax? There's nothing stopping people from "ordering stuff online from Canada, Mexico, and the Bahamas" right now and we seem to be doing alright. Also, the results of the study that Dr. Dale Jorgenson did on the embedded taxes being replaced by the FairTax are from 1997, and the bill was introduced into Congress in 1999. Not "over 20 years ago." And as valid criticisms are made (which are few and far between), the bill changes. This isn't some political stunt. This was created by American businessmen that wanted a better way. If someone points out a valid flaw in the FairTax, they will amend the bill and fix the problem.
The FairTax would also be implemented on services, which includes the service providers for the internet and smart phones. So even when someone orders something from Canada online, they're still funding the government with their monthly internet bill.
Have you actually read The FairTax Book by Boortz and Linder?