Originally Posted by
satchip
FYP
A flat tax is such a better idea than the European Socialist "Fair Tax" espoused by some. Steve Forbes had an exemption for lower income families but I think that is a bad idea. Everyone should have skin in the game. If you are going to vote you should pay income tax.
Anyone making less than around 36K DOESN'T PAY INCOME TAX. They still can freely vote in socialists like obama. The fair tax mitigates this fact( complaint by the left) by giving cash to those that would not be taxed anyway. The real issue here is that there is 25-30% worth of tax worked into every item you buy. This would cause prices to drop by the same margin (whats left of a free market) hence making the fair tax a better deal for all.
Read the fair tax book, easy read and cuts to the chase. The reason it won't fly is it takes too much power away from politicians, and gives power back to the people.
Hard sell to the voters because most went to gov't schools that stopped teaching economics and capitalism a LONG TIME AGO