Kytiara said:
Lingyis said:
Andir said:
Lingyis said:
haven't spend much time reading it, but it sounds like the exact opposite of what economists would recommend--up income taxes, lower sales tax. as proposed under the fairtax the poor certainly are the biggest losers. |
I think you have it backwards. It's for the removal of an income tax. |
no i didn't. if tax revenue is to stay constant, economist would generally encourage increasing income tax and lowering sales tax. sales tax tends to hit the poorest the hardest. that's why the recent GST reductions in canada are not widely applauded by economists. fairtax would remove income tax and slap a flat 23% sales tax on everything, exactly opposite of what economists recommend. that is of course we assume the nation taxes the rich heavier than the poor, like we currently do (different tax brackets). i'm not really interested in politics, but my impression is that republicans tend to want to cut income taxes, which tends to benefit the richest. |
Not to be a nitpicker Lingyis, but you just contradicted yourself. You said economists would suggest increasing personal income taxes and lowering consumption taxes (if tax revenue is kept even), but then used the example of us Canadians lowering our GST from 6% to 5% and claiming economists didn't like it. I don't want to sound like I'm just trying tomake trouble, I'm curious what you think. |
i'm canadian actually. economists don't like the lowering of GST, which is a sales tax. where did i contradict myself?
ps. should add that i'm a canadian who recently got permanent residency in the US :)
