4 comments

  1. Herman has not one growth plan but three. Phase 1, Phase 1 Enhanced Plan, Phase 2. They all boil down to a double-digit national sales tax.

  2. Yeah, the whole “Fair Tax” idea is flawed.  There’s a lot to be said for a consumption tax, but there are going to be broad categories exempted, that’s just political reality.  You’re not going to pass a 17% tax on new homes and cars, or probably food.  So the rate must go up . . . and tax basically everything in GDP, which includes a lot of things which have never been directly taxed to individuals in the past.

    Besides, if the 16th Amendment isn’t repealed, the income tax will be back the next time Democrats get a majority.  Oh, at first it will be only on the very rich and a small percentage tax – which is the way it was introduced a century ago.  So eventually we would end up with both.

  4. Yep the fair tax is a shitty idea the way its usually presented. Everybody wants an exception to first one thing or another. Food, clothing, housings, medicine, etc. Once you exclude the base necessities, then everything else will take a hit, then you’re back to square one. That’s why this is probably never going to come about. Everybody knows it would be a big damn mess. What’s worse, even if it worked as good as could be expected, there would be so many exclusions it wouldn’t be enough to cover national defense, which most Republicans refuse to consider cutting. Ridiculous.

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