re: New Talking Point: DRUMPF only paid $750 in taxes in 2016 and 2017

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Go research the Fair Tax that is based on those principles. Hundreds of the countries leading economists believe it would catapult our economy.

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I'm pretty familiar with it, it's a repacked version of stuff Steve Forbes in particular has been pushing for about 30 years or so.

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You say billionaires tax would dramatically reduce. Actually the opposite would occur. The loopholes go away and now that G5 jet has a major tax added to it beyond the sales tax. So does all of their 2nd homes, jewelry, cars, boats, etc...

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Yeah the ball game on this is the people you see pushing it. It's the same cast of characters who've spent their careers supporting other efforts to make the tax code less progressive. You don't even have to do the math about consumption levels of rich people as compared to income versus poor or middle class to understand who'll get advantaged or disadvantaged by the system.

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Now, it will never happen because the politicians like their loopholes. They write them for themselves.

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Loopholes are endemic to tax policy in general not a consequence of our specific tax paradigm. Or do you really believe that if a fair tax passed tomorrow, that would be the end of lobbyist seeking carveouts?