The income tax does not tax the rich. Forbes magazine uses Net Worth, not income, to determine who the rich are. As a percent of net worth the richer one is the less they pay in taxes. If all you have is your income then you pay 100% of your net worth in taxes.
Fair Tax completely un-taxes the poor by using a universal basic income platform to refund in advance each month the amount of taxes paid on spending up to the poverty level and by eliminating the 22% hidden taxes in everything we buy. Workers get to keep their whole paycheck. They can get out of debt or save at the fastest rate possible. It’s better to have a wealthy society than a poor one unless you’re a banker. They need to keep people borrowing and paying interest.
With the Fairtax, those who benefit pay. The broader tax base and the removal of corruption will secure funding for our government programs.
It’s time to think outside the box. Money is power and it should be disbursed into pockets of those who make it. Respect labor, stop taxing income.