Comment

The Tax Code and why 'Fair Tax' is Horribly Unfair

30
ausador11/04/2011 12:18:22 pm PDT

re: #24 Buck

My point is that you are wrong in your underlying assumption that the wealthy spend only a “tiny percentage of their income” on goods and services. The money they earn does get spent. First it gets taxed at the source and then taxed again as it is spent.

If they spent it all every year then they wouldn’t be “wealthy” now would they?

“Res ipsa Loquitur”
(“The thing speaks for itself”, or more commonly in this day and age… DUH?!)