RagingTireFire wrote:JDUB wrote:RagingTireFire wrote:
That actually demonstrates part of the problem I have with it right there. Again, not with the Fair Tax itself but with how it would be implemented by the government and then perceived by the Average Joe Schmuck. The Fair Tax would encourage foreign investment -- which is ordinarily good -- but if the tax rate is set too high -- which it would be -- it would discourage domestic spending along with creating a sizeable "duty-free" black market for everyday items. The imbalance would devalue the dollar exponentially more than it already is and basically make America an economic third world.
you lost me on that. even though i've had two economics classes i don't understand that stuff, but I do know that they had a bunch of highly respected economists help when developing this and I asked my economics teacher and he said it would work great. I'm going to have to go with the opinion of highly respected economists on this one, unless you have some letters after your name i don't know about
I couldn't give either side of a rat's jerk if you take my opinion or not. Like I said, I love the Fair Tax as a theory and, simply based on numerical data, it's fantastic. However, it fails to take into account human behavior. Economists don't study that and that's where the theory breaks down.
So JDub, you just listen to what other people tell you, and believe it as fact?
Maybe the letters after your name should be I-G-N-O-R-A-N-T.
Not trying to make a personal attack, but before you go insulting someone for using common sense for cutting down an arguement you don't even know the facts on, think about what you KNOW, and what you are TOLD, and figure out the truth for yourself, not based on what a Ph.D told ya.
People die every day, the economy sucks, and bridges collapse. Not everyone with a Doctorate is perfect.
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