the fairtax is better than the flattax I hear. Flattaxes production while fair taxes consumption but exempts the poor from paying it. Encouraging production = society become richer. Encouraging consumption = society become poorer
You are talking about a sales tax?
The “fairtax” will require massive bureaucracy to keep track of who gets what in their “prebate”, which means we will still have to report income to said bureaucracy and the poor still get more than they paid.....
It’s like rearranging the deck chairs on the Hindenburg
“...exempts the poor from paying it...”
and that’s a major problem. Why should anyone be excused from paying for government spending ? Even if somebody earns minimum wage, they should pay 10% of their income toward government spending rather than expecting their neighbor to shoulder their burden.
The FairTax would be fine if it did NOT attempt to untax the “necessities of life” via a prebate, and did not try to soak the rich by combining SS/M funding into the FairTax. Leave SS/M as a separate issue and omit the prebate and you could have all the advantages of the FairTax but the rate would only need to be 10% instead of 23%.
fairtax is 100% a scam. It just replaces oldIRS with NuIRS and lobbyists switch to exemptions.
also the fairtax scam is an entitlement program with the absurd prebate. You will have democrats screaming for a “living prebate” with lobbyists demanding their goods or services be declared necessities.
a flat tax or flatter tax is far better.
fairtax=scam.