Opinion of the FairTax (user search)
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  Opinion of the FairTax (search mode)
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#1
Freedom Plan
 
#2
Horrible Plan
 
#3
Needs Work (Explain)
 
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Total Voters: 60

Author Topic: Opinion of the FairTax  (Read 2117 times)
King
intermoderate
Atlas Star
*****
Posts: 29,356
United States


« on: April 26, 2015, 10:53:24 AM »

Needs work.  I'm all for simplifying the tax code but not for the interests of the super wealthy.

Any simple tax should get nearly all its money from the same sources our complicated system does.
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King
intermoderate
Atlas Star
*****
Posts: 29,356
United States


« Reply #1 on: April 26, 2015, 08:03:48 PM »

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

It could've been a discussion, but you ruined it. Shua began a discussion chain but then you immediately closed it by screaming like a lunatic about socialism instead of actually discussing his post.
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King
intermoderate
Atlas Star
*****
Posts: 29,356
United States


« Reply #2 on: April 27, 2015, 09:26:52 AM »

Better than the FairTax, we can simply raise the standard deduction so less Americans will have to itemize.
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