Sheesh, lewie...now you're anti-thrift?
You don't even realize you're highlighting one of the best aspects of the FairTax...the ability of people to decide when and if they want to pay taxes.
Hmmm,
| FairTax and Wages Virtually all economic models project a much healthier economy if a federal sales tax replaces the current tax system. These models typically project that the economy will be 10 to 14 percent larger in 10 years.[2] A dynamic, growing economy will provide more and better paying jobs. Employers will need more and better-trained workers.
FIGURE 1: This figure shows the positive correlation between real wage rates and capital investment per hours worked, from 1947 to 1992. During this time period, the amount of capital per hour worked increased steadily and *** snip *** [2] See, "The Economic Impact of Fundamental Tax Reform," Dale W. Jorgenson, Testimony before the House Ways and Means Committee, June 6, 1995; "Looking Back to Move Forward: What Tax Policy Cost Americans and the Economy," Gary Robbins and Aldona Robbins, September, 1994, Policy Report Number 127, Institute for Policy Innovation; "The Economic Impact of Taxing Consumption," Laurence J. Kotlikoff, April 15, 1993, Cato Institute Policy Analysis. Also see "The National Sales Tax: Moving Beyond the Idea," Tax Notes, March 21, 1996, David R. Burton and Dan R. Mastromarco. |
