The “fair tax” is going to go down in flames.
L
The democrat slime in Illinois have been trying to sell this end run around the state’s flat tax as a way of getting even with billionaires. Whenever I talk to anyone about this scam, I emphasize it’s a change in the *income* tax structure - and billionaires don’t work for their income. Their money works for their income, and it’s easy to find ways to earn money on investments that are tax free.
As more and more Illinoisans are starting to realize, that tax initiative is just a way for the Machine to eventually have an opening to raising taxes on the middle class without ticking off the entire populace, who would otherwise have their taxes go up in the current flat tax scenario.