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A comment on For the first time on record, the 400 wealthiest Americans paid a lower tax rate. Parent comment

Re:For the first time on record, the 400 wealthiest American... by swebs on Monday October 07, 2019 @12:29PM (#21182770)
Maybe its time we start considering the Fair Tax plan again.

https://en.wikipedia.org/wiki/FairTax

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Re:For the first time on record, the 400 wealthiest American... by panopticon on Monday October 07, 2019 @01:38PM (#21183673)
Consumption is a smaller percentage of wealthy household incomes, and that plan doesn't do anything to address equity or other forms of lucrative wealth generation.

I don't agree with that definition of "fair", and I think it would further exacerbate wealth inequality.

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Re:For the first time on record, the 400 wealthiest American... by secabeen on Monday October 07, 2019 @01:52PM (#21183857)
Why do we need the fair tax plan to create a flat rate, when the graph in this chart shows that the rate is already pretty flat? Today, most people pay between 22 and 28% taxes.
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Re:For the first time on record, the 400 wealthiest American... by rhacker on Monday October 07, 2019 @02:01PM (#21183985)
And the wealthy have moved their income address to a tax free state, saving them an additional 6-12%.
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Re:For the first time on record, the 400 wealthiest American... by secabeen on Monday October 07, 2019 @02:16PM (#21184167)
Whereas the poor can't move without losing their job. Yeah, this chart is federal only, but state taxes are also an issue, certainly.
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Re:For the first time on record, the 400 wealthiest American... by lonelappde on Monday October 07, 2019 @12:56PM (#21183097)
LPT: an organization with an opinion in its name is not a trustworthy organization.
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Re:For the first time on record, the 400 wealthiest American... by Supermancho on Monday October 07, 2019 @01:02PM (#21183189)
> an organization with an opinion in its name is not a trustworthy organization TO ME

You have a strange life for that to be considered a "tip".

I'm usually ok with the Federal Reserve or Green Peace or Humane Society or whatever.

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Re:For the first time on record, the 400 wealthiest American... by astrodust on Monday October 07, 2019 @01:03PM (#21183199)
Ah, yes, the "tax the living hell out of the working poor" tax plan.
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Re:For the first time on record, the 400 wealthiest American... by swebs on Monday October 07, 2019 @01:42PM (#21183714)
You must be thinking of something else. The effective tax rate is negative for the poor due to the basic income provided.

https://en.wikipedia.org/wiki/Distribution_of_the_FairTax_bu...

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Re:For the first time on record, the 400 wealthiest American... by harimau777 on Monday October 07, 2019 @02:09PM (#21184088)
I'm not seeing that in the page you linked. Is there a specific statistic that you are referring to?
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