More political reform stuph

[kickaha]

actsofcreation is insane.

actsofcreation is wise.

Listen to the actsofcreation.



Well, at least about the FairTax. ;)

His site dedicated to it is becoming a rather impressive comparison of FairTax and our current income tax. He's got me convinced. Just read it. It's the best suggestion I've seen for revamping our current system: tax consumption, not production; make taxes equal for everyone from top to bottom; eliminate loopholes for those who can afford tax lawyers to find them; have an actual progressive tax for the poor. Excellent stuff.



And his HTML foo is to be feared. I shudder to think about the coding that took.

Comments

Re: Wow, I totally Agree

[kickaha.livejournal.com]

Ayup, there's a lot to the FairTax, but if you head down all the rabbit holes, it is amazingly well thought out.

My family has always been in retail until recently, so I too have that mindset, and it still has me convinced. Now that my family is doing import/export, I had to look at it from that viewpoint... and I'm still convinced.

The hardest time period, IMO, will be the transition. People will either hoard their money for a while, or go on a spending spree when they see their bank accounts swell. But after at most a year, I'd expect things to be pretty much just as they are now in retail.

And another thing to think about - you'd have an *advantage* over many retailers - your goods are luxury consumables. Since FairTax has no sales tax for used goods, it encourages people to buy used items... but yours can't be. ;)