Still Yet Another FairTax Fan
During the last election I think I heard about a “National Sales Tax†and it was going to be like 30% or something outrageous. I knew [thought] I did not need to know any more about such a farce. Then, a few weeks ago, I saw Neal Boortz interviewed on FOX. I purchased my first copy of his book and was sold.
Consumers always pay all of the taxes. When a business is taxed, it marks up the tax and passes it on to the consumer—that is what a business does. Another problem is that this tax is hidden. I recognized this years ago. Buy a $35,000 new car, and pay a few thousand extra in taxes in GM’s name. What I did not know is that the hidden tax was more that a few thousand—try $7,700 extra!
As an engineer, I can get into so many details that it will make your eyes float. As a businessman, providing computer tech support over the phone, I learned to cut back on unnecessary details. As a statistics tutor in grad school, I enhanced my ability to simplify complex issues to help others increase their understanding and ownership of ideas. I hope I can do the same with H.R. 25.
In the past I had my own businesses. I have also worked for large companies in the aerospace industry. I earned a B.S. in Engineering from Western Michigan University and an MBA in Management and International Business from the University of Tampa. I read the FairTax Book as well as H.R. 25. Believe me, the book is better. So that’s where I’m coming from.
While I will try to simplify issues regarding consumption tax, I’m not a best selling author. Your first step should be to read the book. Buy the book or get it from a Library—I don’t care—just read it. Even if you have a good understanding of many FairTax issues, the book does a great job at teaching economics from a practical standpoint. That alone is worth the cost of the book.
I believe production should be rewarded and wasteful consumption should be discouraged. Productivity has its own rewards, which will be greater if we can keep Uncle Sam’s hand out of our purse. FairTax will discourage consumption, and thus promote individual conservation.
I’ll try to talk about the following issues in the following weeks:
- Productivity vs. Consumption
- Propagation of the FairTax Book (Library and Book Loans)
- Price Levels
- Lobbying Congress
May April 15, 2007 be your individual independence day.
Bill Rook, MBA
Sarasota, FL
