Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum - View Single Post

KA24DESOneThree · 05-25-2010, 07:44 AM

The fair tax still unfairly punishes the rich because they can afford to buy expensive consumer goods.

That $275,000 Ferrari may not look like such a good deal when it's $357,000; this would lead to a disincentive to purchase inside the US and an incentive to purchase outside the US. A millionaire might drive a base-model Prius here in the states (former price: $22,800; Fair Tax price: $29,640) but have a fleet of exotics in Switzerland.

Let me list some common prices before and after the Fair Tax, respectively:
Base F150: 21,850/28,405
Base Sentra:15,420/20,046
Base Fit: 14,900/19,370
Owens-Corning R30 home insulation, 88 sq. ft.: 66.88/86.94
Hass avocados: .99/1.29

Purchasing power has gone down and debt will go up. Lenders will have to lend more for the same car/truck/house.

So proponents of the Fair Tax say, "No, purchasing power has gone up. People who previously paid income tax now can spend that money helping the economy!"

The problem is that the poor still won't pay due to the structure. The poor use funds inordinate with their income; they're a losing economic class because of our nanny state. This tax even goes so far as to GIVE THE POOR MONEY if they purchase below a certain amount. Another incentive to be lazy and stupid, methinks.

So, once again, those who prosper under this draconian "free market" (what a farce that phrase is when applied to our system here) are punished for their success, and those who utilize the government the most, who receive the most funding yet do nothing with it, will not pay a dime.

Fair? I think not.

Take this Fair Tax and shove it.

05-25-2010, 07:44 AM	#6
KA24DESOneThree Post Whore! Join Date: Feb 2004 Location: SD County SoCal Age: 38 Posts: 2,555 Trader Rating: (2)	The fair tax still unfairly punishes the rich because they can afford to buy expensive consumer goods. That $275,000 Ferrari may not look like such a good deal when it's $357,000; this would lead to a disincentive to purchase inside the US and an incentive to purchase outside the US. A millionaire might drive a base-model Prius here in the states (former price: $22,800; Fair Tax price: $29,640) but have a fleet of exotics in Switzerland. Let me list some common prices before and after the Fair Tax, respectively: Base F150: 21,850/28,405 Base Sentra:15,420/20,046 Base Fit: 14,900/19,370 Owens-Corning R30 home insulation, 88 sq. ft.: 66.88/86.94 Hass avocados: .99/1.29 Purchasing power has gone down and debt will go up. Lenders will have to lend more for the same car/truck/house. So proponents of the Fair Tax say, "No, purchasing power has gone up. People who previously paid income tax now can spend that money helping the economy!" The problem is that the poor still won't pay due to the structure. The poor use funds inordinate with their income; they're a losing economic class because of our nanny state. This tax even goes so far as to GIVE THE POOR MONEY if they purchase below a certain amount. Another incentive to be lazy and stupid, methinks. So, once again, those who prosper under this draconian "free market" (what a farce that phrase is when applied to our system here) are punished for their success, and those who utilize the government the most, who receive the most funding yet do nothing with it, will not pay a dime. Fair? I think not. Take this Fair Tax and shove it.