@csgordon@zirk.us @Npars01 @Clackable@tldr.nettime.org @stopgopfox@libretooth.gr @Mastopoet @GreenFire
No.
The FairTax would increase the cash in peoples' pockets, so people who are in debt and are cash poor would end up with more resources to address that problem.
Remember that the FairTax also eliminates the taxes taken out of a person's paycheck, increasing their take home pay.
It would be an immediate boost to stagnant wages, since you bring that up in particular.
@volkris @csgordon @Clackable @stopgopfox @Mastopoet @GreenFire
A sales tax would *not* boost stagnant wages. A sales tax system deepens indebtedness.
Payroll taxes pay for social security & unemployment insurance.
Eliminating the income tax collection system eliminates the funding for these programs. Which is the point.
Republican billionaire donors want to eliminate the entire social safety net, including social security and Medicare.
@Npars01 @csgordon@zirk.us @Clackable@tldr.nettime.org @stopgopfox@libretooth.gr @Mastopoet @GreenFire
That is factually incorrect.
By law payroll taxes are required, and have always been required, to be deposited in the Treasury just like any other taxes. So by law payroll taxes pay for everything from congressional toilet paper through Ukrainian armaments.
Seriously, it's written right into the law that established Social Security in the first place.
Eliminating income tax just means that workers keep more of what they earn, more of what they trade their labor for.
Heaven forbid!
@volkris @Npars01 @csgordon @Clackable @stopgopfox @GreenFire
Your libertarian propaganda is pretty thin