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I don't disagree. I'm not an economist so I can only look at it from what I think is logical. That being said, I read about the FairTax proposal a long time ba
by lsaferite 12y ago
I don't disagree. I'm not an economist so I can only look at it from what I think is logical.
That being said, I read about the FairTax proposal a long time back and that is what turned me on to the idea of preferring consumption vs. income tax. In that proposal they actually address the issue via a poverty level spending tax rebate (prebate in the plan).
If the net effect on the poor is basically a wash, do you still object to the idea?
Do you also have a problem with the idea of less consumption as you feel it will overall hurt our economy?
Personally I welcome the idea of burning the current tax code and starting fresh with a simple consumption tax collected by businesses.
As a side note, the 'richer' people become, the more they find ways and can afford ways to avoid, and in some cases evade, paying taxes. The poor and lower-middle class cannot generally afford to do this. Not to mention large corporations and the games they play.