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This thing is sticky, and I don't like it. I don't appreciate it. |
The point is not that the wealthy do not spend money at retail, the point is that as a percentage of their income, consumption for the wealthy is not nearly as much as it is for lower income earners. This basically means that middle income earners pay higher rates of taxation than the wealthy do.
In everything is politically realistic fantasy land, I don't see how the Fair Tax is more appealing than, say, setting a flat tax rate on all income above 90,000. How ya doing, buddy? |
I was speaking idiomatically. |
The Fair Tax wouldn't shift the burden to the impoverished. They would benefit from monthly "tax rebates" that would essentially constitute a form of social welfare. Hence some liberals support the legislation. This isn't a liberal/conservative issue.
I don't see how it is even a class issue. It would even out the tax burden based on personal consumption habits. Not discriminating against how much you make, but how much you spend. Except for those that are in poverty and of need of social assistance. It would also abolish redundant taxes, and simplify the tax system. I would like the Fair Tax system more if I didn't think it was a knee-jerk reaction to current economic events. That being said, I'm not too comfortable with the Fair Tax. It absolutely reeks of the ideology of some neo-liberal economist. It also might make it easier for local/state/federal governments to jack up tax rates across the board. Simplicity has it's drawbacks.
Capital gains taxes punishes investing. Payroll taxes are redundant. In that they're already taxed as an income tax. I can keep going if you want. Pointing out flaws in the current system is easy. What kind of toxic man-thing is happening now? |
I don't understand how so many people equate taxation with punishment. If the money you give to your government isn't being used the way you want, it's a pretty clear indication that there are far greater problems at hand than the taxation rate.
FELIPE NO |
There's no way to track the money that's been taxed from you in the first place. Not to mention that government projects are not always financed from a tax pool.
What, you don't want my bikini-clad body? |