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Originally Posted by ShoppingInsider
All of us would bring home a lot more if the Fair Tax were ever enacted. You don't pay taxes until you buy something, which rewards frugal people. (And which means jerks who make money illegally - say, drug dealers - and jerks who put all their money in tax-free shelters STILL pay taxes when they buy their jets/boats/etc. to fund their lifestyle.)
See http://www.thefairtax.org/PDF/Compar...alTaxRates.pdf |
only problem is that you run the risk of the economy grinding to a halt when you institute a sales only tax system. goes back to the conversation of "what would happen if everyone were frugal? it would be baaaaad"