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Old 09-23-2010, 10:40 PM
 
Location: Summerville
7,934 posts, read 15,068,979 times
Reputation: 1351

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I do understand, I understand that a bunch of Phd economists worked on "The FairTax" to make it revenue neutral, nonregresive and fair for all.....
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Old 09-24-2010, 06:59 AM
 
4,465 posts, read 7,007,754 times
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Quote:
Originally Posted by OleTomCat View Post
I do understand, I understand that a bunch of Phd economists worked on "The FairTax" to make it revenue neutral, nonregresive and fair for all.....
Tom, even your 'logic' (or lack thereof) in this post proves you wrong.
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Old 09-24-2010, 07:56 AM
 
435 posts, read 732,333 times
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Quote:
Originally Posted by OleTomCat View Post
I do understand, I understand that a bunch of Phd economists worked on "The FairTax" to make it revenue neutral, nonregresive and fair for all.....
All the sudden you are trusting experts and Ph.d.s. There are economists (I do have a B.A. in Economics but not using it) who like to use WORSE assumption to project future events and I am one of them. The fair tax projection is using the most optimistic projection for revenue neutral expecting an increase in spending. Last time we used most optimistic projection we suppose to have billions revenue surplus for the government in 2010. So much for that. If you are truly fiscal conservative, you will not use most optimistic project but I guess is to hard to ask people who claim to be Libertarian, conservatives, or Republicans to be fiscal responsible (just look at last 30 years of history lol).
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Old 09-24-2010, 08:25 AM
 
Location: Summerville
7,934 posts, read 15,068,979 times
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"The FairTax" does not assume that spending will increase, it uses the averages over the last hundred years to help calculate the taxes....
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Old 09-24-2010, 08:27 AM
 
Location: Summerville
7,934 posts, read 15,068,979 times
Reputation: 1351
Quote:
Originally Posted by Geechie North View Post
Tom, even your 'logic' (or lack thereof) in this post proves you wrong.
You have used no logic what so even in this entire discussion and you are going try to say I am not using logic?

What a hipocrit.......
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Old 09-24-2010, 08:28 AM
 
Location: Summerville
7,934 posts, read 15,068,979 times
Reputation: 1351
Quote:
Originally Posted by JimmyCh View Post
All the sudden you are trusting experts and Ph.d.s. There are economists (I do have a B.A. in Economics but not using it) who like to use WORSE assumption to project future events and I am one of them. The fair tax projection is using the most optimistic projection for revenue neutral expecting an increase in spending. Last time we used most optimistic projection we suppose to have billions revenue surplus for the government in 2010. So much for that. If you are truly fiscal conservative, you will not use most optimistic project but I guess is to hard to ask people who claim to be Libertarian, conservatives, or Republicans to be fiscal responsible (just look at last 30 years of history lol).
I never said I don't trust economists and Ph.d.s.....
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Old 09-24-2010, 09:18 AM
 
4,465 posts, read 7,007,754 times
Reputation: 796
Quote:
Originally Posted by OleTomCat View Post
You have used no logic what so even in this entire discussion and you are going try to say I am not using logic?

What a hipocrit.......
Tom, You post that Economic PHD's' have blessed this 'Fair Tax' (*Giggle*) and that makes it a done deal.

Yet, you ignore the fact that other 'Economic PHD's- more in numbers, and not as deep in the pockets of multinat business as Walby is- point out that the fair tax is anything but- it is a regressive tax that will (as is intended) shift the already light tax burden off the rich and place it on the backs of the Middle and Working Poor.
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Old 09-24-2010, 09:28 AM
 
4,465 posts, read 7,007,754 times
Reputation: 796
Quote:
Originally Posted by OleTomCat View Post
I do understand, I understand that a bunch of Phd economists worked on "The FairTax" to make it revenue neutral, nonregresive and fair for all.....
'Splain that', then?
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Old 09-24-2010, 09:34 AM
 
435 posts, read 732,333 times
Reputation: 75
Quote:
Originally Posted by OleTomCat View Post
I do understand, I understand that a bunch of Phd economists worked on "The FairTax" to make it revenue neutral, nonregresive and fair for all.....
So I should assume you said this sarcastically. OR you just trust Ph.D.s and economists as long as they agree with you. Btw, you still see some pretending Economists debate about minimum wage, do you know the debate is over 20 years ago because so many studies and evidences suggested that increases in minimum wage DO NOT influence employment rate (actually some studies show the employment rate actually increases). The idea is so old, it's actually in the textbook because it is so well studied. Yet, you still see politicians and so called "economists" debating on TV when this issue comes up once in awhile.
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Old 09-24-2010, 09:39 AM
 
Location: Summerville
7,934 posts, read 15,068,979 times
Reputation: 1351
Quote:
Originally Posted by Geechie North View Post
'Splain that', then?
I have been for the last ten pages.....
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