re: #218 Targetpractice

In their little fantasy world, the money saved through the abolition of other taxes will actually make up for the double digit sales tax, plus said “fair tax” will also be a voluntary tax. And before you say it, yes, this means that tax revenues will very likely plummet. But to the “starve the beast” crowd, that’s a feature, not a bug.

Indeed, a fantasy world. Spending on retail and large-ticket items (appliances, cars, etc) will exponentially decrease over time because the 30% sales tax will start making items unattainable. Because of the drop in spending, manufacturers/companies will have to raise prices, layoff employees, and/or shut down. Thus, the downward spiral will only get worse and worse. Less spending, higher prices, less employment. The fair tax crowd are fucking idiots.