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Re:Federal Reserve raises rates by 0.75% by lovich on Wednesday June 15, 2022 @04:46PM (#31759267)
Why? That puts more of the tax burden on those with the least
Re:Federal Reserve raises rates by 0.75% by darth_avocado on Wednesday June 15, 2022 @05:32PM (#31759728)
No it doesn't. Those with less to spend also spend less.

Contrary to popular belief, the so called utopias like Sweden, tax the poor at almost comparable rates as the rich.

Re:Federal Reserve raises rates by 0.75% by lovich on Wednesday June 15, 2022 @07:37PM (#31760824)
Those who earn less pay less in income tax and we still had to implement a progressive taxation policy because of how much a flat tax percentage hurts those without disposable income compared to the wealthy.

The poor already spend all their money on necessities. If you go to a flat sales tax it will hurt them more than the current progressive regime and favor the wealthy.

Re:Federal Reserve raises rates by 0.75% by _-david-_ on Wednesday June 15, 2022 @06:52PM (#31760450)
You can exclude necessities from sales taxes and alleviate most of the taxes paid by the poor.