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Scrap the income tax! [message #150627] Wed, 20 April 2005 18:32 Go to previous messageGo to previous message
cheesesoda is currently offline  cheesesoda
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Registered: March 2003
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SuperFlyingEngi

Would the prices of products really drop more than 23% before this new sales tax is applied? Somehow, I doubt that. And if adding a 23% sales tax to all products results in the overall cost of products going down, where does the government get its' money?

Good point.

I also have 2 more points that I'd like to say:

1. This is probably the first and only issue I'll ever agree with Tool.

2. The largest spenders are not always the ones with the biggest incomes. Take for instance a family with several kids. They probably only make maybe $30,000 - $40,000 a year and have to support their kids. This FairTax plan will hurt them substantially. You said that there would be special rebates on necessities for this kind of situation, but I don't see how that will change much if anything at all.


whoa.
 
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