The consumer base is twice the size of the income earning base. this is how we can lower what individuals pay in tax and still collect enough taxes. Production cost will also come down and therefore prices. Companies won't need armies of accountants and lawyers to keep track of paying taxes and deal with the IRS. They no longer have to withold nor declare their incomes (you either) hence the economy takes off.
People will be keeping 100% of their paychecks plus getting a rebate for food and medical expenses therefore have more to spend.
Your fears are unfounded business unfettered thrives, market forces have a proven track record!
People will be keeping 100% of their paychecks plus getting a rebate for food and medical expenses therefore have more to spend.Will getting "100% of their paychecks" be a new law?...I want free rent too.
They no longer have to withold nor declare their incomes (you either) hence the economy takes off.
Does that mean stockholders won't know what a company's earnings are?
I guess if no one has to declare their earnings, the Social Security checks will be like the one size fits all poverty rate rebate checks, everyone gets the same "benefit". Will the SS checks and the one size fits all poverty rate rebate checks arrive on the same day of the month?