I look forward to reading all of that, Cam, thanks. But I read the first 4 pages and looked at Table 0 and I'm not really sold on their explanation that Total Expenditures is a better measure than Total Income. They have Total Income declining for the bottom 50% and raising significantly for the top 10% while Expenditures raise sharply for the bottom 50% and either stay flat or decline a bit for the top 50%.
If people are making less and spending more, that would seem to imply a negative savings rate, no? And that is not a recipe for long term wealth accumulation. So how does this end up being progressive? I'm really stumped by their attempt at an explanation. Judah On Fri, Jul 8, 2011 at 11:38 AM, Cameron Childress <[email protected]> wrote: > > On Fri, Jul 8, 2011 at 2:10 PM, Dana <[email protected]> wrote: > >> Well, you know more about the proposal than I do, but I was sure I saw that >> somewhere. But ok. If it's entirely retailer-side you've got a regressive >> tax, is what you've got, right? >> > > Which I think was where we left off last time too... It would remain to be > seen what really happens once it's enacted, but this study indicates that it > would be more progressive than current tax system. > > http://www.beaconhill.org/FairTax2007/DistributionalAnalysisFairTaxBHI4-25-07.pdf > > You can skip to the table on page four if you don't feel like reading the > entire paper. It shows the rich paying more taxes and buying less stuff and > the poor paying less taxes and buying more stuff. > > -Cameron > > -- > Cameron Childress > -- > p: 678.637.5072 > im: cameroncf > facebook <http://www.facebook.com/cameroncf> | > twitter<http://twitter.com/cameronc> > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340100 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
