You are viewing a single comment's thread.

view the rest of the comments →

0
1

[–] ilikemyname [S] 0 points 1 point (+1|-0) ago 

I like the transaction tax too. It's cool because it's completely based on how much you consume. More empowering. And yeah, just googled it and a lot of countries do a flat tax! https://en.wikipedia.org/?title=Flat_tax#Around_the_world

1
1

[–] zambeezy 1 point 1 point (+2|-1) ago 

People argue that it isn't fair for poor people because the tax is a larger percentage of their income but they don't understand that that doesn't matter. They pay the same as everyone else which is exactly how it should be.

Also with a system like the Fair Tax plan you would get a credit for taxes paid on a certain amount of food based on the size of your family, since that's required for life. So as long as poor people aren't trying to eat t-bone steaks every night they're not worse off and will almost assuredly have more money in their pocket year after year.

0
3

[–] 9-11 0 points 3 points (+3|-0) ago 

exactly how would we make up the huge hole created by not taxing most of the rich peoples money? their money is tied up in investments continuously generating money that isnt taxed... they spend modestly here, but fly to europe once a month and spend $100,000.

i'm sure the solution would be something like ditching everyone off of medicare/charging for public schools or something equally bad.

0
2

[–] joethebob 0 points 2 points (+2|-0) ago 

that doesn't matter.

When the basic necessities of life exceed income you may find that it in fact does matter quite a lot.