The "Fair Tax" isn't really fair but helps the rich and hurts the poor.

Rebuttal: Sorry I thought the common sense behind my math would was an attack on your 3 points, no matter let me clarify. In short I. Tax breaks II. How it works III. Long term effect First – I just showed how the tax breaks would work, turns out their not very sufficient. Second – It has been shown, everything you buy (that's new) has a 23% sales tax. Third – Long-term effect, the rich get richer and the poor get poorer. About the middle class: Yes they shop they most, that means this sales tax would affect them the most, so your claim about how the middle class pays the most taxes would still be true under the Fair Tax system. Furthermore, I would argue that if measured by amount, the wealthiest actually pay more in taxes. Since taxes are now determined by the size of your income and your property, the rich end up paying more. Remember it is done by percentages, so as shown above, someone making $1,000,000 gives more than someone making $50,000 for a 2% income tax. The same math would apply to property. However under the fair tax, a $100 item that is being purchased my 2 people who make the above two incomes becomes less fair. An extra $23 out of a middle class pocket is more than the same amount taken out of a millionaire's. Ok, my opponent has made several comments now about how he doesn't like how my math works out. How about we see some of your math. About voodoo economics (that's what I call supply-side economics) it has been proven to do three things 1 – It bankrupts the government 2 – increases income stratification 3 – fails to promote economic growth. Point one – During Reagan's reelection, was considered a great triumph because it was the first time a president won a re-election after creating a deficit. This was also the first time voodoo economics were used by a president as well. The second time was papa Bush, and the third time is the current administration. As shown by all three economies – they create deficits. Point two – Most of the tax cuts under this economic theory go to the rich. This money was predicted to then "trickle down" to the rest of the nation. Question for my opponent – how is the middle class supposed to get most of the tax benefits AND how's the rich supposed to get tax cuts as well for the trickle down theory to work. Secondly, as shown by the economy today, even though the economy was growing and stock prices were growing (only until recently) I would contend that the growth didn't affect the middle class. Most Americans can't afford to invest in stock or bonds, they need the money now. Now we are on the brink of recession. Under the Reagan administration, it was shown that while taxes were cut by 50% for the rich (Bush only cut them by 10%) they didn't let that money trickle-down. Wages rose to about $4,000 over eight years (1982 to 1989) for a middle class family, roughly 36,000 to 40,000. Inflation ran an average of about 4% over these years as well, so lets do some of that math again (sorry). 36,000 x .04% + 36,000 = 37,440 37,440 x .04% + 37,440 = 38,983 38,983 x .04% + 38,983 = 40,540 What this pattern basically shows is that even though income rose, it didn't rise nearly as fast as inflation. This means that even though a person had more money, they had less spending power because everything cost so much more. Meantime, the riches tax expenditures were cut by 50%; I don't want to bore you with more math but lets just say they got a better deal. So to refute your earlier points 1) Is in cohesion with the trickle-down effect, which has been proven true. 2) The Fair Tax includes tax breaks for the middle class. 3) The Fair Tax promotes a more healthy market, which leads to the Middle Class. 4) The Tax eliminates all the other taxes which hinder the middle class. I.e. estate, clothing, etc. 5) The Fair tax helps the family owned businesses. I.e. businesses owned by middle class people. 6) It stimulates corporations which hire middle class people. My points: 1) It does compliment the voodoo effect, it increases the income gap 2) Not as many tax breaks as does the rich 3) Promotes a healthier market, but excludes the middle and lower classes from taking part in that market because they don't have the money to "ante up" 4) Eliminates all other taxes with one outrageous one that eventually takes more money from them. 5) The Fair tax helps corporations 6) It stimulates corporations which higher middle class people, but doesn't stimulate the middle class economy