[ale] OT fairtax isn't

[Charles Shapiro]

Okay, okay.

It's clearly Friday.

Bill Gates doesn't think he's One of Us:


http://gizmodo.com/gadgets/press/bill-gates-will-punch-you-in-the-face-if-you-call-him-a-nerd-244850.php

And the Zune ain't goin' too great either:

http://www.losanjealous.com/2007/03/14/zuned-austin-pd-hauls-off-microsoft-street-spamers-at-sxsw/

Enough already.

-- CHS


On 3/16/07, Greg Freemyer <greg.freemyer at gmail.com> wrote:
>
> On 3/16/07, Matt Kubilus <mattkubilus at gmail.com> wrote:
> > On 3/16/07, Jeff Lightner <jlightner at water.com> wrote:
> > > Well we'll have to agree to disagree.
> > >
> > > Confusing because of "prebates".   I don't see the need.  If you only
> > > make $1000 a year you pay significantly less than someone making
> > > $1,000,000.
> > >
> >
> > But the tax for the person making $1000 is going to reduce the ability
> > of the destitute to buy bread, whereas tax on the person making
> > $1,000,000 reduces their ability to buy a 17th BMW.  It's a question
> > of what is just in a society.  Do citizens have a basic right to the
> > necessities of life in the wealthiest nation in the world, or do
> > citizens have the right to sit on 'their' pile of cash and watch the
> > nations infrastructure crumble around them.
> >
> > What has anyone figured that this sales tax economy will cost per
> > dollar.  Tennessee (no state income tax) has a %9.75 tax on all goods,
> > food or BMW.  Georgia income tax is about a fourth of the state income
> > tax, so round about %50 on all goods.  That's going to be some
> > expensive milk and cheese, let me tell you.
>
> IIRC, it is about 22% for the Feds, but with low-income people getting
> a prebate equal to 22% of their income, so they effectively continue
> to not pay taxes.
>
> Greg
> --
> Greg Freemyer
> The Norcross Group
> Forensics for the 21st Century
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>
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