Opinion of the FairTax

[publicunofficial]

I've been reading up on it. I also do NOT want to see the term "the poor" used in discussion, because it IS progressive.

On consumption taxes maybe, but when it comes to income taxes it's insanely regressive.

Also the fact that it's named the FairTax like it's a brand name, and not just a "fair tax", pretty much shows how it's a proposal thought up by a bunch of soulless businessmen looking to sell their scheme for higher profits to the mostly tax-policy-ignorant masses.

[publicunofficial]

The fair tax is not nearly as regressive as one might expect with a consumption tax due to the proposal having a redistributory element in the form of a "prebate" - much like has suggested to compensate for a carbon tax's effect on the poor.  It would mainly only be regressive when it comes to a comparison between the sort of rich and the very rich - but then we sort of have that already.

The Fair Tax's questionable character comes from the major impact it would have on economic activity if it were high enough to replace current sources of revenue.

See? THIS IS A DISCUSSION. I just didn't want the Atlas Democrats' quasi-socialist rhetoric to seep into the discussion, when socialism will never happen in America

"I want to discuss things without people disagreeing with me!"

[publicunofficial]

If the Atlas is inherently socialist and you don't like the views of it's posters, why even come here? It's not like there's isn't a million other political forums out there full of Paulbots that love to talk about the FairTax and the gold standard.