Patrick Douglas Posted about 2 years ago Would you prefer sales tax to income tax? As for the Fair Tax, I'm not sure, seeing as how I don't know enough about it. I don't think that keeping all of your income makes much difference if you are paying more for everything that you purchase. The Government has to take money out via taxes at some point, so you're not necessarily gaining much. As for the suggestion that you would exempt necessities from taxation - I like the idea. If you can make the system progressive, I'm more likely to support it. As for saving money, you can also make the argument that money saved in banks is good because banks can use it for loans. As a whole, though, I would say that saving money isn't strictly good for the economy like spending money.