reply to post by peskyhumans
Fine, you can have your socialism if it allows you to think you are keeping a lid on the rich. How foolish are you? Duh!!! We've got billionaire
CEO's running rampant NOW!!! But go ahead with your little ideas that somehow you can personally control how they spend there money by not
supporting the Fair Tax. Lets say just for a second that you are right; A billionaire decides he is going to screw us ALL by avoiding consumption
tax on buying a yacht. He gets on his private jet (that he also bought overseas, and his pilot flies him to, say Greece, where the yacht has just
been boxed-up, and put on the shelf at the yacht store. Hmmm...wait a minute. He just paid sales tax on the Limo that drove him to the airport
before he even gets on the plane. Oh, and what? Sales tax on the fuel for the limo too. Not to mention that there is Sales tax on the fuel for the
plane, and also there was sales tax on the materials used when he constructed his private hanger at the airport. Or, failing that, he pays sales tax
on the rent he pays at the airport to keep his plane. Sales tax is also paid on the services he contracts to maintain his private jet. Airport fees?
Sales tax.
Okay, so probably after paying several hundred thousand dollars in Sales tax on the things that allow that billionaire to
even leave the
country in the first place he heads to Greece. But let's say for a second that he avoids most of those taxes by purchasing a "Coach" ticket on
Delta, and only pays maybe $50.00 in Sales Tax on that ticket to escape the tax and screw us all. Let's say he does that and steps off the plane in
Greece, and takes a cab to the Yacht store. (I mean if he is cheap enough to fly coach, he is sure not going to spend money on a limo, even when the
Fair Tax no longer applies to him on foreign soil.)
Yep, so, he walks into the Yacht store and the door-greeter says, "Can I help you?"
"I want a Yacht" he says.
30 minutes later, he writes a check for $40,000,000.00, and denies the United States Federal Government about 9.2 million dollars in revenue. He gets
on the yacht, sails home, and parks his new Yacht in the harbor conveniently nestled up behind his mansion.
When he gets home, there is a message on his answering machine. It's his buddy, who owns a boatyard down the street. His buddy says, "why'd you
spend all that money and time going to Greece, when you could have just bought a Yacht from me
FOR THE SAME PRICE?"
You see, the world is not a vacuum. When the Fair Tax is enacted, the embedded taxes will disappear out of our products. These taxes account for
about 23% of the purchase prices of everything we produce and buy today. The Fair Tax will eliminate those taxes, and add them back in on the tail
end. NOTHING CHANGES! The Gov't gets the same amount of revenue. You pay the same amount of tax. The price of everything remains the same. The
Yacht in Greece still costs forty million, and the yacht produced in America still costs 40 million. YES the stupid billionaire can AVOID THE FAIR
TAX by going to Greece. BUT WHY? He still pays 40 million over there, just as he will pay 40 million over here.
