Re:Note from Mark Zuckerberg
by ssmoot on Wednesday April 27, 2016 @08:29PM
(#11585769)
It's also regressive.
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the fairtax organization has proposed a "prebate" to mitigate regressiveness.
Re:Note from Mark Zuckerberg
by 0xcde4c3db on Wednesday April 27, 2016 @09:41PM
(#11586045)
They've proposed that, but as far as I can tell it's less of a serious proposal and more an instance of an "overcoming objections" sales tactic. I don't see how a flat sales tax can achieve revenue-neutrality (itself a major selling point of FairTax) while also offering a large enough "prebate" to avoid being enormously regressive in practice. Considering the misleading nature of a bunch of other FairTax claims [1], I pretty much consider distrust to be the only tenable default position with respect to anything else they say.
[1] http://www.factcheck.org/2007/05/unspinning-the-fairtax/