Excessive consumption? These people can barely buy food.
When you get everyone to save and invest instead of buying goods and services let’s follow the trickle down effect of that on the economy and employment. Businesses will close or start charging more (price gouging) just to make money and survive. Employees will be laid off. We see that now with big tech companies because consumer spending is down.
Another plus of the Fair Tax is that it would encourage, not discourage, saving and investment over excessive consumption.
Excessive consumption? These people can barely buy food.
When you get everyone to save and invest instead of buying goods and services let’s follow the trickle down effect of that on the economy and employment. Businesses will close or start charging more (price gouging) just to make money and survive. Employees will be laid off. We see that now with big tech companies because consumer spending is down.