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To: JimRed

Sorry that doesn’t wash. If you are making 1,000,000 or 10,000, a percentage is a percentage. Let’s leave class warfare to the Democrats, 10% of ones income is fair for everyone. Otherwise it would seem you are advocating a “from each according to his ability, to each according to his need” type of system.


27 posted on 05/23/2011 1:36:52 PM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: Durus

It would seem that way if I advocated the “poor” paying less of a percentage than the “rich” based on income, but I prefer NO income tax for anyone.

A consumption tax with an allowance for basic needs for survival (the same allowance for everyone, rich or poor) gives each the choice of how to spend his own money. You want to keep your taxes down? Spend less on taxed items.

The rich typically buy more, and will end up paying more. The thrifty rich will pay less than their spendthrift counterparts; the poor who choose to spend up to their last penny will pay more than the thrifty poor.

The problems I had with the FairTax as proposed were the “prebate” feature (a monthly prepayment to cover the cost of tax on basic survival), and how to start it off, as all the hidden taxes paid on goods already in the pipeline with the sales tax added will rise in price until the hidden taxes are no more. If these items can be soundly addressed, I would give it my final OK.


29 posted on 05/23/2011 3:09:29 PM PDT by JimRed (Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
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