Kevin McCarthy Introduces “Fair Tax” Which Would Abolish Federal Income Tax
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Not to be one of those blue haired commies with man tits, but sales tax really hit the poorest segment of society hardest. But worth discussing. Better than what we have.
Not disagreeing with you, but why does it hit the poorest the hardest? Wouldn't it hit the middle class because they have a little more money in their bank account to spend on non-essentials?
Seniors on a fixed income can barely afford what they have now.
I guess it comes down to what is deemed essential vs. non-essential.
I suppose either one of those groups. 23% is insane. Kill the restaurant biz right off the bat. Bread, milk and eggs for most people from then on. Insane lobbying going on after that to categorize items as essential.
When you think about it, any and every tax hits the poor hard. Why? Because they're poor. They do not have anything to buffer them from the unexpected and the unknown. Everything hits the poor the hardest.