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
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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.
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.