Tags for this video have been changed from 'chris matthews, tea party, candidate, metaphor' to 'chris matthews, tea party, candidate, metaphor, rick barber' - edited by kronosposeidon

*politics *money

Adding video to channels (Money, Politics) - requested by MrFisk.

What a trick: make the federal income tax and have the states to decide to either have a higher sales tax or IMPLEMENT AN INCOME TAX OF THEIR OWN. That is what Rick Barber says at the 5:00 mark.

Yeah, his math is pretty bad to begin with but he goes with the major assumption that companies will drop prices once they are unburdened with taxes.

What a dope.

1. They revolted over a tax CUT, not a tax increase. It's just the East India Trading Co. got one and Americans didn't, making their tea cheaper. Effectively, it put local growers out of business. Sounds like what we do now to pretty much every other goddamn country that we can. NAFTA comes to mind.

2. I don't understand how he can claim he doesn't intend violence with a fucking gun on the table.

3. I'm going to metaphorically put my foot up his ass.

The best part of this is when Chris asks Barber if everything in his ad is a "metaphor," then perhaps he, too, is a metaphor for a candidate running for office.

Precisely.

Say, isn't a motherfking TAX CHEAT running the Treasury? November can't get here fast enough.

*long

This video has been flagged as being at least 10 minutes in length - declared long by xxovercastxx.

That one was a good line, but Matthews really is trying his best to get in the way of communication.

I think the point the guy was trying to make was that the national sales tax was going to replace the income tax, not just add a random 23%.

Comment hidden because you are ignoring dag.(show it anyway)

Ouch. That's hardball.

This interview could have been so much better. Matthews could have nailed him to the wall much more efficiently than that. I wish he would have, because this guy is a dolt.

Wait - this man is running for a political office? How is that possible?

>> ^tsarsfield:

Yeah, his math is pretty bad to begin with but he goes with the major assumption that companies will drop prices once they are unburdened with taxes.
What a dope.


Wow, are you serious? Please tell me you graduated from high school at the very least? If you were to increase property taxes or business taxes, you would see rent and good prices go up immediately. It makes perfect sense that taxes affect prices. A tax plus the labor needed to comply with it is a cost of production like any other cost that affects how low you can sell to undercut a competitor. Still going over your head?

If every producer's costs are lowered from $.95 to $.75 on a soda by shifting out their tax burden onto consumers directly, how can Pepsi still charge $1.00 when Coke reduces their prices to 0.80? They would make 5 cents a soda and murder them on volume. It's not just how much higher over cost you sell, it's HOW MANY you can sell. That's how competition drives down prices. With the income tax in place and a cost of .95 per soda, no one is capable of going down to .80 to undercut a competitor because that's 10 cents BELOW COST. That changes when the income tax disappears.

That's why the fair tax is actually a slight reduction in terms of its end-cost to consumers. You either pay the tax embedded in the product price, or you pay it externally. The main difference is that the income tax is much more complex and costly in terms of compliance costs, so those costs are eliminated completely. If production and business-to-business sales are not taxed under a fair tax, wealthier people are incentivized to create job-creating businesses and start charities in their name. Because that wouldn't be taxed, only their lavish purchases would. It somewhat reverses the incentive of how rich people use their money.

The fair tax would also prevent any particular category of goods from receiving a lower rate. That would end the corruptive practice of businesses and industries lobbying politicians to receive an unfair advantage over others. For example, in 1997, the housing industry won a capital gains exemption on the first $250k in profit for any home sale. Is it any wonder we radically change human behavior for the worse with incentives like that?

You guys need to do some serious reading, and so does Chris Matthews for that matter. I am absolutely in awe that anyone with a high school education could believe taxes are some sort of ethereal cost that don't affect prices. Wow.... wow! We have a much bigger problem in this country than I ever imagined.

http://www.fairtax.org/site/PageServer?pagename=about_faq_answers#1

All of that aside, the main problem isn't so much how we are taxed, but how much. The government spends way, way, way too much money that it doesn't have. not only that, they don't use it to make products, but to start wars and consume and increasingly, pay shitloads of interest to foreign creditors.

Kind of close minded approach from Chris...