Comment Re:Is anybody really surprised? (Score 1) 395
You are certainly correct in that I should have been more specific. I inferred, perhaps incorrectly, that he wasn't well educated on the subject because of the statement that consumption taxes, specifically the fair tax, are regressive. The program includes a "prebate" that covers what the tax will cost on the necessities of life. So the lowest income earners, those who spend nearly all of their income on necessities will in effect pay zero taxes. The wealthy, who spend the majority of their income on luxury items will now be paying taxes instead of finding loopholes. This also will effectively tax the gray and/or black markets which operate on a cash basis.
I know it's not a perfect tax, but I believe it's FAR better than what we have now.