In response to:

The Economy in 2015 Might Shock You

Mark S. Wrote: Nov 19, 2012 2:30 AM
Why is it so hard to understand and explain the Fair Tax plan? It is not a VAT that is paid IN ADDITION to current taxes, it is a consumption tax that REPLACES all current taxes! This means no payroll tax, no social security tax, no any tax period! You get to keep your ENTIRE PAYCHECK and only pay tax on the purchase of new goods and services. It doesn't get any simpler, and the key feature is that it puts the power of taxation in the hands of the consumer, NOT the politician. It also ensures that everybody pays SOMETHING, not like the current system where 47% of taxpayers pay NOTHING in federal taxes and the rest of us have to support them. That's insane, and it has to stop or we're doomed.
RSava Wrote: Nov 19, 2012 7:28 AM
Mark S wrote - " It also ensures that everybody pays SOMETHING, not like the current system where 47% of taxpayers pay NOTHING in federal taxes and the rest of us have to support them. "

And THAT is why it will never pass.
Everyone is abandoning Romney for his comments about Obama winning because of gifts.
He did.
He won because of the gift of no taxes for a percentage of the American people that will always vote for the party that promises no taxes.
If tomorrow the Democrats started pushing for all Americans to pay a portion of the tax bill and Republicans started pushing for just the rich to pay more so the moochers didn't have to, the Republicans would be swept into office.
Renaissance Nerd Wrote: Nov 19, 2012 3:44 PM
He used the wrong word though; not gifts, bribes. A huge chunk of America sold their votes, simple as that.

In the summer of 2015, either one or both political parties will begin the search for their next presidential. By that time, the whole tenor of political positions will have sharply changed.

At least, we can only hope so.

That's because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue. Any day now, the ever-rising mountain of debt will need to be addressed. In the face of inaction, the bond market will have spoken by 2015 anyway, as "bond vigilantes" force...
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