Showing posts with label Fair Tax. Show all posts
Showing posts with label Fair Tax. Show all posts

Wednesday, January 9, 2008

Told Ya So; Fair Tax

See... I know a thing or two. When one learns the historical significance of past elections, they can pretty much tell what's going to happen.

As such, you can throw the rulebooks out the window. Obama's victory meant nothing, and it was proven last night in New Hampshire. Guess what? Hillary's victory doesn't mean anything, either. McCain? Huckabee?

Come on, folks... we've got months to sort this mess out. The good part is: we'll be eliminating the idiot field as the weeks pass.

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I'm doing some research on the Fair Tax. I have no earthly idea if I support it or not, but I have come to some preliminary conclusions.

1. 23% is a big chunk of change, regardless if the government sends you a prebate.
- Breaking it down for folks like me, the feds send you $391 a month. That's roughly $95 bucks a week. I'm not so sure if that'll cover the costs of groceries and such, especially if you're poor.

2. It would abolish the IRS. That's a lot of folks who are suddenly unemployed, and I'm not sure if there are enough jobs to cover the workers and their families.

3. It's supported by folks like Mike Huckabee, Ron Paul, and Sean Hannity... which automatically makes me nervous. But, it's also supported by Mike Gravel. Despite Gravel being a kook and an idealist, I agree with a lot of statements he makes. However, Gravel is the only Democratic candidate who supports the plan. Obama stated that if he wins the Presidency, that he won't veto the bill.

For now, I think the Fair Tax would do more harm than good, simply because I'm barely surviving now. Add in the 23% bonus prize, and I just may crumble. However, I need more information... so I'll dig.