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HughBeaumont

(24,461 posts)
2. I love how their naive chump fans think that a FairTax is just that.
Thu Aug 4, 2016, 12:17 PM
Aug 2016

All they hear is "abolish the IRS".

See, the problem is

a) That's never going to happen.
b) By "abolishing the IRS", you're also abolishing the wealthy's two biggies: the Capital Gains and Estate Taxes.
c) That, in turn, leaves YOU, ME and all of us holding a 30% bag for everything the destitute poor (which, by giving the wealthy free money, there's going to be plenty of) can't pay for and the rich won't pay for.
d) Deficits and the Debt are going to soar, because cutting education, health and social services has short and long term repercussions.
e) Infrastructure is going to go in the shitter, because private institutions in no way, shape or form can handle the upkeep like the government can. Or even worse, they'd turn it into a for-profit competition.
F) is what this idea gets.

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