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A comment on To end poverty, guarantee everyone in Canada $20,000 a year.. Parent comment

Re:To end poverty, guarantee everyone in Canada $20,000 a year. by philwelch on Sunday November 21, 2010 @01:14AM (#1926475)
The FairTax is a sales tax, not an income tax. It's quite different from an income tax, negative or no.
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Re:To end poverty, guarantee everyone in Canada $20,000 a year. by patio11 on Sunday November 21, 2010 @03:58AM (#1926747)
The FairTax as I have heard it advocated included a huge annual transfer payment to redress the highly regressive aspect of all consumption taxes. (If you are poor, you consume 100% or more of income, resulting in paying taxes on all of it. Richer individuals consume a fraction of their income, thus paying a much lower overall rate.) It would instantly be the most extensive wealth transfer program in the world.
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