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From: dagmargoodboat on 24 May 2010 00:59
On May 23, 3:22 pm, Joerg <inva...(a)invalid.invalid> wrote:
> k...(a)att.bizzzzzzzzzzzz wrote:
> > On Sun, 23 May 2010 08:00:00 -0700, Joerg <inva...(a)invalid.invalid> wrote:
>

> > If the Asian prices don't come down they'll get competition from the now
> > cheaper US companies.  Looks like a win to me.
>
> No win there. First, there are no US television or sneaker or clothes
> manufacturers left. Even if there were or new ones would be sprouting up
> they could not possibly compete with the made-in-China pair of $29.99
> jogging shoes that consumers have come to expect at places like Costco.
> It would be, "Oh, look, we can make the same sneakers for $60 instead of
> $75 because of the "fair tax". Big deal.
>
> >>>> and will be mighty miffed if he's a retiree.
> >>> *That* is the component I'm not happy about.  I don't see anyone addressing
> >>> it, either.
>
> >> I did, many times over in this thread, but hardly anyone understands :-(
>
> > We did, but I don't see any of the talking heads recognize it, on either side.
>
> Then the whole thing should remain a non-starter. At least I hope so.

Sorry, I spent yesterday talking in person to the actual Fair Tax
guys, along with some U.S. congressmen. I'll chime in later, but for
now I'm swamped and pooped, with a left-handed shovel and a whole lot
of ____.

Short version: no it's not in there, but yes, they're open to amending
their bill so as to exempt savings that have already been taxed.

Of all the alternatives, I still find it very appealing, especially
compared to the current system. That doesn't mean I'm fully buying it
yet--I still haven't considered all the possible gotchas.

--
Cheers,
James Arthur
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