Scott M

A member of the Philip Greenspun's Homepage community since August 13, 2006

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August 14, 2006, on Welfare Reform:
A proposal which seems to be gaining interest lately is FairTax (www.FairTax.org), which would replace virtually all federal personal taxes with an across-the-board national sales tax of approximately 23%. It includes a monthly pre-rebate of 23% of the poverty level (payable to everyone with a Social Security card), to refund tax paid on necessities. The result is that someone with no income would still be able to get approximately $188 a month. For a frugal shopper, this could be an income boost. Note that someone who tends to impulse-buy is likely going to waste money anyway.