3 ms·
I really like the fair tax, but it bothers me that it is regressive. I know it is the same % for everyone, and there is the rebate at the poverty line, but the
by aero142 16y ago
I really like the fair tax, but it bothers me that it is regressive. I know it is the same % for everyone, and there is the rebate at the poverty line, but the wealthy spend a much smaller percentage of their money at the retail level. Why is buying a car taxed but buying a company isn't? I've heard different answers but I'm not convinced by any of them.
- brg 16y agoEverything is taxed, services as well as investments. What do you think will become of the accumulated wealth, that it will forever remain in bank accounts? What good would it be to have it and not have it moving through the system? It will eventually get taxed, perhaps simple not as fast as you wish. Its only regressive when you lose perspective on the purpose of money.