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Fairtax familiar around here?

Name: Top_Cat 2006-03-08 21:26

so are the people here familiar with the fairtax act? look up fairtax.org and discuss.

Name: Anonymous 2006-03-12 2:04

the working class pays income tax, and embedded taxes on goods, the rich have special interest deductions, and workarounds lightening thier tax load.

Ah, that's a valid point. So why not eliminate deductions instead then?

the fairtax hits you harder the more you spend, not harder the more you earn.

Yes, I am aware of that. This makes me think it'll only benefit the rich, because the middle and lower classes are already barely savings anything. For them it's money in = money out; thus commutativity.

Until someone can explain away the equations I've provided, I'm not convinced.

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