A few more deals like this and politics may get a bad name. We Old Folks will get Ripped Off. This is tragic for those who have very little savings and are counting on their Social Security checks. This is a very unfair and regressive tax since it exempts all investment transactions. Mea Culpa Mea Culpa Mea Culpa Archer confesses that his tax is just a tiny bit too regressive and proposes to fix that problem by giving every man, woman and child in this country a 500 dollar tax rebate.
Rebates are a bad idea anyway.
There is too much potential for fraud. Archer's Folly is Unfair, Unwanted and Unwise. I suspect that Archer's folly may not even be constitutional. Doesn't it violate the spirit of the 14 amendment. This national retail sales tax with its ten trillion dollar loophole fails the test of fairness.