The politcians, lawyers and their masters-in-black-robes will all be against the Fair Tax law!
Why?
Because it will force THEM to finally have to pay taxes themselves since the tax will be on purchases and not on "income".
Why would they complain there? See TAX SHELTER - Foundation - Trust Funds - etc. especially those in the Kennedy/Kerry/ and BUSH money range. None of them "earn" more than what looks minimally acceptable to the public and then "donate a portion of their petty cash to the slush fund that goes right back to them anyway in pork.
With the tax shelters, their fortunes are not "theirs" but belong to some phantom entity that won't be taxed. This corporation though is what spends the money for all the parties, the yacths, and whatever to the tune of millions/year all tax free to these politicians/lawyers.
The fair tax simply taxes money as it leaves the bank - immediately upon transfer to another entity.
They do not want to have to start paying taxes like us PEONES.
Not only what you stated that is correct but also..they absolutely WILL NOT consider or pass this. Why? Because the present tax system is a boondoggle for Lawyers. Matter of fact they will muck it all up some more by passing even more laws, rules and regs because its good for business. The more nobody understands it the better as it makes for longer and more expensive court cases.
Because it will force THEM to finally have to pay taxes themselves since the tax will be on purchases and not on "income".
You forget they won't have to pay taxes on capital gains and estate taxes so they may very well support the Fair Tax.
With the tax shelters, their fortunes are not "theirs" but belong to some phantom entity that won't be taxed. This corporation though is what spends the money for all the parties, the yacths, and whatever to the tune of millions/year all tax free to these politicians/lawyers. The fair tax simply taxes money as it leaves the bank - immediately upon transfer to another entity.
It is the consumer who drives the economy and ultimately decide which companies stay in business and which one's fold. Our current tax structure taxes money before it enters the wage earner's wallet. The Fair Tax taxes money as it leaves the consumer's wallet but can put more money in the bank if the wage earner chooses.