tag:blogger.com,1999:blog-35366449.post1971298792993017858..comments2024-03-22T02:37:10.429-05:00Comments on Political Friends: Into the Belly of the BeastAndy Dhttp://www.blogger.com/profile/03659445086323172664noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-35366449.post-60135827668537247132007-03-21T18:48:00.000-05:002007-03-21T18:48:00.000-05:00Acie, glad to see you!I appreciate the comment. I...Acie, glad to see you!<BR/><BR/>I appreciate the comment. If the Fair Tax is enacted, there will be a 23% (or about) sales tax added to new goods. The Fair Tax will also remove imbedded taxes we currently pay on items. Most economic models forecast that after the imbedded taxes are removed, there will be a net increase of approximately 1% above what we pay right now for a good. If this is true, and based on the examples in the Fair Tax book I believe it would be, then the complaints you make wouldn’t hold up. There would be no need to smuggle things in and out of the country for a 1% increase in price.<BR/><BR/>Hope to see more post on here from you.Andy Dhttps://www.blogger.com/profile/03659445086323172664noreply@blogger.comtag:blogger.com,1999:blog-35366449.post-46112695363147756802007-03-21T14:36:00.000-05:002007-03-21T14:36:00.000-05:00After researching the "Fair Tax Act" I have found ...After researching the "Fair Tax Act" I have found several problems with such an act. First, with such a high sales tax it will become profitable for people to begin smuggling goods into the United States. Second, people will be further encouraged to travel to a foreign country before buying an expensive item which will hurt American businesses. Third, the way taxes should be designed is not only a way to raise revenue but a way to encourage or discourage behavior. (example, tax credits for less polluting vehicles and extra taxes for cigarettes). While the tax system does need to be changed due to the AMT catching more and more middle class people, this national sales tax is not the best solution.Anonymousnoreply@blogger.com