Comments on: Taking A Look At Obama’s and McCain’s Tax Plans

By: kevin duffey

kevin duffey — Wed, 15 Oct 2008 23:22:23 +0000

The Fairtax book by Boortz and Congressman Linder explains it all. It responds to the common criticisms and explains everything you can think of regarding the idea.

See a review of the book coming soon on this blog.

Thanks

By: Chris

Chris — Wed, 15 Oct 2008 19:20:26 +0000

I think you underestimate my cheapness (so obviously I may have a skewed thought process compared to average american). I may be in the minority, but I would buy even less and save all my tax money to invest. It would work out great for me, and I think long term it would work out to make a stronger economy, but I do believe we would be in for short term pain(short term pain always means not politically possible). Are you aware of any articles by someone you respect for me to study further on that you could link to??

By: kevin duffey

kevin duffey — Wed, 15 Oct 2008 17:49:16 +0000

True, but Chris remember you’ll have more money to begin with because your income tax is gone. Also, the taxes that are already embedded into the price of an item you are buying will be gone resulting in lower prices.

I think those 2 factors will more than compensate for additional sales tax. Would love to hear your thoughts on that.

By: Chris

Chris — Wed, 15 Oct 2008 17:40:22 +0000

Here is what I don’t get about consumption tax. It seems like our economy is based off consumerism accounting for somewhere around 70% GDP and the consumption tax is anti-consumption. You may not believe it would change behaviors, but I know it would change mine.

By: Dan

Dan — Mon, 29 Sep 2008 22:15:30 +0000

This is an awesome article explaining the difference between the two, as our economy continues to melt down, it is great to have clear cut information like this without having to sort through all the bull.

By: Wess Stewart

Wess Stewart — Sun, 28 Sep 2008 03:30:39 +0000

Hooray for the FairTax!

Everyone should get behind it. It works, it’s been heavily researched, and it’s just a darn good idea.

I really hope someone enacts it.

By: Weekly Round Up: 2 Debates This Week Edition | Twenties Money

Weekly Round Up: 2 Debates This Week Edition | Twenties Money — Sat, 27 Sep 2008 18:24:32 +0000

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