On Aug 1, 2007, at 8:46 AM, Carl Remick wrote:
> Gravel says that a feature called the "prebate" -- a tax
> reimbursement "on
> the essentials of life (food, shelter, clothing, medicine)" --
> would keep
> his consumption tax (a/k/a the "Fair Tax") from being regressive.
> Is this
> just smoke and mirrors?
Yeah. It would soften the blow, but still be regressive - and a windfall for the rich.
Doug