Skull Pilot
Diamond Member
- Nov 17, 2007
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The fair tax is regressive and will make the rich richer. It will have a negative impact on the middle class and working poor and is the final step necessary to transform our nation into a Plutocracy.
Think for a moment about percentages. What percentage of income does a millionaire spend on products (and services?) and what percentage does a middle class family spend. An individual or a family can only buy so many things. I hope that's clear.
I'm glad you brought this up...and I would agree with you if it were true. But the Fair Tax has a prebate system built in. This is how it works...every house hold (depending on the size) will get a check from the government each month for the same amount. A house hold of 4 will get around $500. This will off set some of the cost of the taxes that month. $500 for a poor family is a lot but $500 for a millionaire is pocket change. So in the long run the rich will pay more of the tax then the poor.
If you spend your money wisely you could be paying very little if any taxes.
Do you know how much it would cost the send a check to everyone in the country every month?