| I find it very interesting that people can't put aside political views and speak about whether or not having a consumption tax, in their opinion, is a good or bad idea when compared to the current system. This question isn't about a persons view of Biden or Trump. I think kstenerud did a great job at expressing their views without having to speak about politics. Is this an indicator at how toxic social media has become and how people have become addicted to arguing vs. having a discussion? I was thinking about how a consumption tax aka Fair Tax does have some benefits, but in the case that kstenerud pointed out, depending on the percentage of the tax, it could hurt the poor. For instance, if a gallon of milk now goes for $20, it's going to hurt the lower class. I do agree with kstenerud that such a tax could hurt the poorest people. This begs the question of is there a way to introduce such a tax that allows the poor to transition into a Fair Tax? e.g., Allowing people making under X 2 years not to pay any income taxes? Hopefully those of you with strong political opinions take it easy on this thread because honestly, it's like the smell of your own shit... no one really wants to sniff it ;) |
Fair Tax addresses that point with the rebate to alleviate the impact on the poverty-stricken. It is debatable as to whether this is a fair solution; OTOH it is also debatable as to whether the current system is fair to the poor.
It’s not so clear that Milk would go to $20 a gallon under the Fair Tax and not so in the current regime ( Sudden Inflation Now Syndrome seems mostly unchecked ).