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catoismymotor (51.71)

On Line FairTax Training

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May 21, 2010 – Comments (8)

 

On Line FairTax Training:

WHAT: Understanding the FairTax webinar for May 2010

SPECIAL TOPIC:How the FairTax is remitted by state sales tax authorities to a sales tax bureau within the US Treasury Department

WHEN: Thursday May 27, 2010

TIME: 8 – 8:45pm Eastern Time 7 – 7:45pm Central, 6 – 6:45 Mountain, 5 – 5:45 Pacific

WHERE: Your home, your Personal Computer

WHY: To provide an interactive forum for people who cannot get to local meetings to learn about the FairTax and to present Special Topics that are frequently misunderstood or not generally discussed.

Join Marc Manieri, Americans for Fair Taxation Community Coordinator in the Greater Orlando, Florida Area. Marc’s webinars are drawing national participation from seasoned FairTax supporters as well as those just getting started as a supporter. We help build the knowledge base of those on the front lines as well as those wanting to know what the FairTax is about. We educate candidates and sitting Congressional Representatives on the merits of the FairTax.

Many participants have asked Marc if the presentation is available to them. The answer is yes. Marc sends an email to each participant following the webinar. Just reply asking for the Power Point presentation and notes. Marc will email it to you.

To participate it is necessary to pre-register at this web link https://www2.gotomeeting.com/register/248185051

 

Click HERE and scroll to the bottom of the page to see the source material for this posting.

8 Comments – Post Your Own

#1) On May 21, 2010 at 11:24 AM, brickcityman (< 20) wrote:

I think this could turn into a very long thread....  So let me kick if off with a question...

 

We all know that money and power tend to transit the same paths... Our current system includes federal and (often) state taxes commensurate (sort of) with representation at both levels of government.  It would seem to me that this approach turns over that apple cart by throwing a whole lot more power over to state governments, and in some sense it could greatly shift the balance of power between state representatives and federal representatives.

 

While in theory this could foster competition amongst the states, I have a feeling the probability of severe unintended  consequences is quite high...

 

Put another way, wouldn't the so called Fair Tax system make us look a lot more like the EU?  (perhaps not in a direct sense, but I can see many similarities)

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#2) On May 21, 2010 at 11:40 AM, catoismymotor (51.71) wrote:

What unintended consequences do you invision?

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#3) On May 21, 2010 at 1:04 PM, Melaschasm (55.92) wrote:

Considering how few people understand the Fair Tax, this webinar sounds like a good idea.  I have even seen professional economists spout off about the Fair Tax without the facts.

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#4) On May 21, 2010 at 1:05 PM, brickcityman (< 20) wrote:

Well I could see a number of things occurring...

 

1.  States are currently comfortable with not being measured according to their peers.  Some are over-achievers, others are welfare cases.  If taxes are based strictly on population then I think there will be some very uncomfortable adjustments in statehouses far and wide.  This could lead to a degree of infighting and legal/political wrangling that to borrow and old phrase... pits brother against brother.

2.  I wonder what effect this will have on interstate commerce...  Will states, in a bid to keep their populations happy, start to enact something akin to a tariff system in order to try to skim additional monies off finished or partially finished goods coming into the state?

3.  Given that migrating from state to state is relatively easy I think this could lead to more violent population shifts if certain states are able to provide a substantive quality of living advantage.  This of course has repurcussions of its own.

4.  If moneys collected by the states are based on populations then it begs the question how accurately populations are tracked...  Once every 10 years seems inadaquate.

5.  Directly taxing trade is something I have never been a fan of, and I think this will only exacerbate the negative effects a sales tax naturally has...

6.  A sales tax seems a whole lot easier to subvert than an income tax, this will could lead to a larger black market economy  and lead us down the path of Greece

7.  This convolutes the relationships between elected officials and taxes...  Will your state government now start advocating or trying to otherwise influence that you vote for a given slate of federal representatives? 

8.  I believe this greatly complicates the problems of tax code enforcement to the extent that i could see each state having to grow in order to keep a lid on fraud.  I suspect this growth might exceed the contraction at the federal level caused by the loss of the IRS.

9.  If states are pissed off about losing revenue to online sales now... Just guess how bad it will get when/if something like this happens...  This could have side-effects on internet activity in general.

10.  I know this is a cop-out. as its the one most often cited...  But something like this would have the effect of more severly burdening people whose incomes go largely to sustaining themselves.  

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#5) On May 21, 2010 at 1:51 PM, ChrisGraley (29.65) wrote:

brickcity, this is being proposed as a Federal Tax, it has nothing to do with the State tax systems.

Some states may follow suit though. 

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#6) On May 21, 2010 at 2:00 PM, catoismymotor (51.71) wrote:

Brick,

Thank you for posting your questions. I read each one and wished to answer them with my own words and thoughts. Fortunately for you some of this ground has already been covered here: http://www.fairtax.org/site/PageServer?pagename=about_faq . I say that it is fortunate because I would ramble and chase my tail on a few points. Using the link will spare you and the rest of Fooldom from that.

Respectfully,

Cato

 

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#7) On May 21, 2010 at 4:00 PM, brickcityman (< 20) wrote:

@ChrisGraley

 SPECIAL TOPIC:How the FairTax is remitted by state sales tax authorities to a sales tax bureau within the US Treasury Department

 

@ catoismymotor

 

I will take a look at that and possibly write back...  (gotta run)

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#8) On May 22, 2010 at 9:19 PM, UofA60 (< 20) wrote:

Read The FairTax Solution by Ken Hoagland for a good understanding of this great idea.

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