quote:Well, it's the fairest system possible. Unless, of course, you think it's unfair that some have more than others.
because I guess that's what you think is fair?
The FairTax is a national sales tax that treats every person equally and allows American businesses to thrive, while generating the same tax revenue as the current three-million-word-plus word tax code. Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate. The FairTax rate after necessities is 23% and equal to the lowest current income tax bracket (15%) combined with employee payroll taxes (7.65%), both of which will be eliminated.
quote:and there again is the conservative obsession with fairness.
Well, it's the fairest system possible.
You also assume consumers spend rationally, which they do not. A large part of economics is consumer psychology, people won't spend as much because they perceive goods to be higher, despite the fact they would seemingly have more discretionary income.