Prices will not rise with the FairTax. When the income tax is removed, prices will drop due to competition. This has always happened in the past. Ask any economics student. Profits stay steady at 5 to 8 percent. That's the beauty of capitalism. The poor will pay no taxes, due to the prebate. MORE people will be paying taxes because illegals and criminals will be contributing the the tax collection. Think about it. 250 billion dollars will be eliminated from the collection overhead.
Prices will not rise with the FairTax. When the income tax is removed, prices will drop due to competition. This has always happened in the past. Ask any economics student. Profits stay steady at 5 to 8 percent. That's the beauty of capitalism. The poor will pay no taxes, due to the prebate. MORE people will be paying taxes because illegals and criminals will be contributing the the tax collection. Think about it. 250 billion dollars will be eliminated from the collection overhead.
urgener 1 year ago