If they made it only an income surtax on the "evil" rich, it would be a piece of cake if the situation required it-- like everyone realizing the FairTax caused all prices to go WAY up, and the economy to tank...
Probably just a flat 25% on everything above $50,000 or $75,000 to fix the emergency. What other choice would they have?
"If they made it only an income surtax on the "evil" rich, it would be a piece of cake if the situation required it-- like everyone realizing the FairTax caused all prices to go WAY up, and the economy to tank... "
Certainly you're welcome to your opinion no matter how far-fetched it may be. Why do you think voters would approve of any such tax unless you think people at large are really that stupid, since it would be what they just got rid of???
And as for your "piece of cake" it had better have a great big glass of milk since it will have to restart any income tax from scratch against both Congregational AND voter opposition. Your piece of cake will remain uneaten I think.