[LeGrande]

I don't know where you personally draw the line between benefiting and "getting slammed" but by taxing consumption people will have more power in determining how much they pay in taxes. The more they spend, the more they are taxed. Inherently people with more income tend to spend more. Consequently taxes collected will increase as income increases. Also as a result higher incomes will have a higher effective tax rate (after the prebate) but not exceeding 23%.

No higher income people spend a much smaller percentage of their income on consumables. Your premise is flawed.

[Man50D]

No higher income people spend a much smaller percentage of their income on consumables. Your premise is flawed.

The Fair Tax rate will be applied to amount of dollars spent. People with higher incomes spend a greater amount of dollars than those with lower incomes therefore the amount of dollars collected by a consumption tax will be greater. Your premise is flawed.