Quote:
Originally Posted by NatCh
If they need more money under the FairTax plan, they have to raise the rate, but that would be quite visible to the public (very few are so out of it that they don't notice their prices at the register jumping) so it would have an automatic pressure to lower it again. That's the idea, anyway. The explanation on their site is, of course, much more detailed. |
I think there is a provision also that changing the rate would require a 2/3 majority or state ratification... similar to adding an amendment. So, changing the rate would not be simple.
I think most people that say the Fair Tax isn't fair haven't spent the time reading about it, understanding it and reading the FAQs. Every problem I could think about it was clearly explained with sensible information rather than hyperbole. I only have 1 question that the site didn't answer.
BOb