The Fair Tax Is Truly Fair....

So this is a Fair Tax week. Next Thursday, we will have some interesting reading on the high price of fuel. Exactly as I have dreamed, policy that creates the least amount of bureaucracy while still providing the necessary components for freedom and wealth. The Fair Tax is really fair to all Americans. Some things you should know.


1. The FairTax rate of 23 percent on a total taxable consumption base of $11.244 trillion will generate $2.586 trillion dollars $358 billion more than the taxes it replaces.

2. The FairTax has the broadest base and the lowest rate of any single-rate tax reform plan.

3. Disposable personal income is higher than if the current tax system remains in place: 1.7 percent in year 1, 8.7 percent in year 5, and 11.8 percent in year 10.

4. The economy as measured by GDP is 2.4 percent higher in the first year and 11.3 percent higher by the 10th year than it would otherwise be.

5. Consumption increases by 2.4 percent more in the first year, which grows to 11.7 percent more by the tenth year than it would be if the current system were to remain in place.

The Prebate

The thing that most impressed me is the fact of the prebate program for the poor. So many conservative policies are denounced because of their lack of attention paid to the working poor, but the Fair Tax is an example of just the opposite. The Fair Tax prebate program actually allows an allowance for those below the poverty level for necessities of life.


What I hope to get you guys to realize is that we need to find polices to revalue the dollar. We need elect officials that are concerned with the polices of the home front and not concerned with nation building. Spending is not only a national debt problem but it has become a personal debt problem. How can the authoritative hierarchy expects its constituents any differently than the example being set???

Sphere: Related Content