See if you can spot the flaw in Boortz’ argument that it will be easier to buy a house under the Fair Tax.
Memo to Neal: house are not purchased based on one year’s earnings. If my marginal tax rate is under 30%, then by the “logic” you’ve used, I’ll be worse off.
Of course, neither makes a difference. The problem with the Fair Tax is not that prices will go up. It’s the transition shock of some prices going up (because the employers can’t cut employee gross salaries down to the current net) and others not going up (because they can). The problem is the hideous black market that is almost guaranteed to appear — which is why Bartlett favors a VAT. The problem is that we won’t “get rid of the IRS” but simply infest it in every business and every home in America. The problem is that we’re going to have to create a massive agency to figure out the
welfare prebate amounts for every person in the country (since only a batshit insane person would advocate equal “prebates” for people in New York City and New Braunfels).
So much easier to bash Bartlett’s Scientology straw man and fulminate over the pointless inclusive-exclusive argument than to address substantive complaints.