not about the presidential race....

[Total_Blender]

The whole fair tax thing to me seems like just a bunch of talking points:

Keep your whole paycheck

No income tax

No capital gains, corporate, or death tax

etc etc just keep regurgitating it.

The thing I don't like about it is that the entire tax burden is placed on consumption. And consumption is a really small piece of the pie compared to capital gains etc. I'd read the books but honestly I have more important stuff to read for school/career that takes priority. I've read enough both for and against to know what it is and why I don't support it.

[alpine_aw11]

The whole fair tax thing to me seems like just a bunch of talking points:

Keep your whole paycheck

No income tax

No capital gains, corporate, or death tax

etc etc just keep regurgitating it.

The thing I don't like about it is that the entire tax burden is placed on consumption. And consumption is a really small piece of the pie compared to capital gains etc. I'd read the books but honestly I have more important stuff to read for school/career that takes priority. I've read enough both for and against to know what it is and why I don't support it.

The way the Fair Tax works would actually end up generating more revenue than our current system. It isn't a huge increase, but people would definitely be spending more money if the Fair Tax were to be implemented. I don't have the figures, but I've seen them several times. When you take away all the taxes that are essentially just taking people's money, they will buy more goods. It would work.