@FairTaxOfficial Talk more about the positive feedback loop: fairtax revenue -> spending on aggregate supply (infrastructure, R&D, education, training) -> real growth -> growing real wages -> growing consumption -> growing tax revenue -> more spending or tax rate cuts
@michaeltdavis20@DerrickEvans4WV A governments spending as a percentage of its GDP would decrease over time if it was efficient. In the US currently, itโs the opposite. Itโs growing
@182_DuncH@DerrickEvans4WV All forms of taxation and regulations increase prices, lower wages, and/or reduce employment in one way or another downstream, hurting the poorest the most
@jesse_norwalt@CitizenCallerUS@catturd2 No. All progressive taxes in the long run are passed onto consumers in the form of higher prices due to increased marginal costs. A uniform sales tax is passed onto producers since producers lower pretax prices to be competitive (assuming punishment of anticompetitive practices)
@JeorgeIII@beinlibertarian They have said a flat income tax with no tax credits/exemptions would be the most fair, where the government takes a portion of everyoneโs earnings. However, this reduces savings and investment stifling growth for all
@JeorgeIII@beinlibertarian I know. Iโm not arguing against that. Iโm saying that this is the most optimal way to tax fairly without ever stunting growth and without ever raising taxes (in fact, sales tax can decrease over time as real GDP gets bigger and bigger and still generate the same revenue)