To the Editor:
One argument against Gov. JB Pritzker’s Fair Tax is that, to be fair, everyone should pay the same rate of tax, be the person a billionaire or a person making $50,000 a year.
If a billionaire spent $50,000 a day, the year’s salary of the other person, it would take 20,000 days to spend a billion dollars, or roughly, 54 years and eight months.
On the other hand, if the person making $50,000 a year were to spend the $50,000 in one day, this person could not eat, drive, pay taxes, bills or, basically, live, for the rest of the 364 days of the year, year after year.
Is this fair? Even a pre-schooler would say, “No.” A fair tax is just what it says, “Fair.”