This is an Open Trackbacks Alliance open trackback post. Link to this post and track back. but for heaven’s sake, take time to READ the thing! Your children and grandchildren will bless you. Seriously.
In today’s Fair tax blogburst, Terry Dillard knocks down some of the anti-Fair Tax boogeymen–the scary arguments some trot out without giving them much thought. Well, Terry deals these boogeymen some mortal blows with just a little thought.
by TD of The Right Track
With any proposal, sooner or later the naysayers start their doom-and-gloom predictions. The FairTax proposal is no exception. There are those out there whining and crying about how “it won’t really work that way”, despite the fact that the current income tax system isn’t working the way it’s supposed to work. I suppose their fear is exchanging the devil they know for the devil they don’t know. In this article, I’ll highlight some of their worries and attempt to dispel them.
A national sales tax will create a huge black market.
Among all the arguments to be made against the FairTax, perhaps this one holds the least water. Arguments are made that this “black market” will spring up, with people “illegally trading DVDs, cigarettes, canned foods” yada yada yada. OK, illegally trading? What’s illegal today about trading those items? Nothing! So what’s the problem?
“They’ll be avoiding the tax!”
And that’s bad, why? My wife buys romance novels at a used book store now. She’d be avoiding the tax, too. She’s also reading books that everyone else read weeks or months ago. I say, “Come on, black market!” Only the market won’t be black. It can be right in a store front, advertising used books, consignment shops for clothes, furniture, camping equipment, you name it! A whole new type of business will emerge! That will be great for the economy, right? Right!
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