[anigbrowl]

no qualifications, no means test. Only one rebate per person, same amount for each person

Ah, so by 'base amount of tax paid' you mean averaged across the population? A rebate generally implies a refund of prior payment, so I found your summary confusing.

I’m not sure how to construe your analogy.

That just because something has a purpose does not imply it is a net good. In general I think high concentrations of wealth are bad on a systemic level, like too much sugar leading to diabetes. So I'm not sure that the capital allocation performed by hedge funds is a necessity for an economy to operate sustainably.

[no-s]

> A rebate generally implies a refund of prior payment, so I found your summary confusing.

Sorry, it is a “pre-bate”, intended to offset the first x dollars of tax that would be paid on “necessities”, determined by some poverty line/CPI related computation performed periodically. No means test or qualification except citizenship. Don’t recall if there was any effort to address non-citizens that were not dependents.

> In general I think high concentrations of wealth are bad on a systemic level, like too much sugar leading to diabetes.

I can’t quite dis-agree with you, but I’m not certain how to address it. Perhaps we should just have rules/criteria regarding breaking up concentrations of wealth/power or splitting up giant organizations. Meanwhile this happens under the current tax system, thus orthogonal WRT the objectives of FairTax.