Opinion of the FairTax

[🐒Gods of Prosperity🔱🐲💸]

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.