[HitmanLV]

The post tax savings problem is fatal to the FT as far as I am concerned. Nothing even remotely 'fair' about it.

I'm open to it, though, if that problem can fairly be addressed. To be blunt, the problem is not even really acknowledged, let alone addressed.

Maybe a flat tax is better. I'm open.

[xcamel]

Real life example is gas prices... Low gas prices, nobody complains about the profits, or how it's spent, or where the money goes. High prices, every worm comes out of the woodwork to bitch about things they can't pray to comprehend.

If the worms had been making hay getting greater energy independence (more exploration, alternate fuels, more refining) we wouldn't be suffering high prices now.

Once [government] spending is controlled by law, tax reform is a walk in the park.

[Kellis91789]

You are focusing on the existing savings and ignoring the future of that savings and your ability to save faster under the FairTax.

Look at $100K existing savings, where you are able to add $5K each year under the PIT but would be able to add $10K each year under the FT.

In 5 years, the PIT would leave you with $165K if it earns 10% and then you pay a 25% PIT. The FT would leave you with $225K at that same 10%.

Since FairTax inclusive prices will be 115% of the old prices, you just got a great deal. Instead of being able to buy $165K worth of 'stuff' you'll be able to buy that same stuff for $144K, pay $44K in FairTax, and have another $37K left over to spend on more 'stuff'.

Only under very special conditions -- like Roth IRA's -- where there would be little/zero PIT owed, or you have no time left for the savings to grow, does the FairTax hurt your existing savings.