Quote:
Originally Posted by Suckslut
A corporation would pay the fair tax on the goods and services it buys, but not on the profits. Profits would go to the shareholders, managers, employees, tax free. Just like how an employee's salary and wages will be tax free. Everyone would only pay a tax when they buy things.
Smc, I think that a truly free market would resolve prices, but we haven't had a truly free market for a long time. Big companies get regulation passed so small companies can't compete and even conservative republicans can't vote to eliminate oil subsidies or jets for billionaires.
I wouldn't be opposed to a progressive fair tax. Purchases under $1,000 pay 10% tax, under $10,000 but over $1,000, 20% etc. If need be you could make exceptions for houses and cars, which most people need.
But this could turn into a luxury tax. You want to purchase a $5 million home, go right ahead. You'll pay a 50% tax on it, or whatever.
|
I genuinely admire your commitment to this concept, and I especially value your willingness to have a real discussion about it without any of the hyperbolic bullshit and made-up "facts" that are so often posted here.
Unfortunately, where we differ goes far beyond the merits of the "fair tax" idea. The notion that one can create a "fair" version of a system that is fundamentally based on exploitation is, frankly, ridiculous.