Ask HN: Putting aside your political views – do you support the Fair Tax?
The Fair Tax would increase inequality in the USA by shifting the burden of tax payment onto the poorest.<p>The rich spend between 1 and 10% of their income on goods and services, whereas the poor spend upwards of 100% of their income, and even more by going into debt to cover life expenses.<p>All this tax would do is ensure that the wealth of the rich remains locked up and out of circulation forever, multiplying tax free in hedge funds (basically sucking even more money out of the economy), while the poor pay for everything.