If we’re going to wage a war on anything it should be a “War on Poverty” in the USA. And the first instrument of destruction should be the FairTax.
According to FairTax.org, under the FairTax “real wages are 10.3%, 9.5%, and 9.2% higher in years 1, 10, and 25”. “Disposable personal income is higher than if the current tax system remains in place”. “Consumption increases by 2.4%”. “The increase in consumption is fueled by the 1.7% increase in disposable (after-tax) personal income”. “By the 10th year, consumption increases by 11.7 percent”, “and disposable income is up by 11.8 percent”. “Over time, the FairTax benefits all income groups. Of 42 household types (classified by income, marital status, age), all have lower average remaining lifetime tax rates under the FairTax”. “Implementing the FairTax at a 23% rate gives the poorest members of the generation born in 1990 a 13.5% improvement in economic well-being”. “Based on standard measures of tax burden, the FairTax is more progressive than the individual income tax, payroll tax, and the corporate income tax”. “Charitable giving increases by $2.1 billion (about 1%) in the 1st year…by 2.4% in year 10, and by 5% in year 20”. and “on average, states could cut their sales tax rates by more than half”.
What does that all add up to? It all adds up to less poverty in America. In order to wage this war on poverty we need your help in spreading the word. Let’s wage this war on poverty now by pushing the FairTax as far out in front of us as we can. Tell your friends an family to get involved and join us. You can also find FairTax.org on Facebook at https://www.facebook.com/fairtax.org
Related Article: FairTax: Helping the Poor