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To: Doohickey
Exactly how is a consumption tax unfair? Don't the wealthy, by definition, consume more?

Not in proportion to how much money they have.

Poor people have to spend all their money just so survive.

Rich people don't spend all their money.

If they did, they would have no money and wouldn't be rich.

Instead they take the money they don't need to survive, and invest it in ways to make more money without working for it.

64 posted on 03/05/2005 9:29:52 AM PST by Age of Reason
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To: Age of Reason
Instead they take the money they don't need to survive, and invest it in ways to make more money without working for it.

You left out a KEY part of the scenario! IMHO it should read as follows:

Instead they take the money they don't need to survive, and invest it in ways to make more money without working for it and in the process, create ENDLESS opportunities for those not yet wealthy to begin the process of getting there.

69 posted on 03/05/2005 9:37:11 AM PST by Bigun
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To: Age of Reason
Poor people have to spend all their money just so survive.

Rich people don't spend all their money.

If they did, they would have no money and wouldn't be rich.

Instead they take the money they don't need to survive, and invest it in ways to make more money without working for it.

I take it that you consider such a situation "unfair." Would you please explain why?

72 posted on 03/05/2005 9:40:26 AM PST by DSH
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To: Age of Reason

SO tax investments. Flat rate. OTHER than 401ks for retirement-
Tech


84 posted on 03/05/2005 10:03:20 AM PST by humantech ("No one wants to live to see such evil times. Its what you do with the time you are given")
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To: Age of Reason

So, in your mind, there shouldn't be any rich people? Everyone has equal skills, earning potential, ambition and drive?


100 posted on 03/05/2005 12:01:57 PM PST by Doohickey ("This is a hard and dirty war, but when it's over, nothing will ever be too difficult again.”)
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To: Age of Reason

How does the FairTax protect low-income and lower middle-income families and individuals?

Under the FairTax plan, poor people pay no net FairTax at all up to the poverty level! Every household receives a rebate that is equal to the FairTax paid on essential goods and services, and wage earners are no longer subject to the most regressive and burdensome tax of all, the payroll tax. Those spending at twice the poverty level will pay a tax of only 11.5 percent – a rate much lower than the income and payroll tax burden they bear today.

Under the federal income tax, slow economic growth and recessions have a disproportionately adverse impact on lower income families. Breadwinners in these families are more likely to lose their jobs, are less likely to have the resources to weather bad economic times, and are more in need of the initial employment opportunities that a dynamic, growing economy provides. The FairTax dramatically improves economic growth and wage rates. Retaining the present tax system makes economic progress needlessly slow, thus harming low-income people the most.

In contrast, the FairTax dramatically improves economic growth and wage rates for all, but especially for lower income families and individuals. In addition to receiving the monthly FairTax rebate, these taxpayers are freed from regressive payroll taxes, the federal income tax, and the compliance burdens associated with each. They pay no more hidden taxes on goods (averaging 22 percent) or services (averaging 25 percent), and used goods are tax-free.

http://www.fairtaxvolunteer.org/smart/faq.html


103 posted on 03/05/2005 12:53:49 PM PST by socialismisinsidious ("A government that is big enough to give you all you want is big enough to take it all away.")
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