A comment worthy of a Fairtax supporter: fallacious premise, fallacious interpretation, fallacious conclusion, in short, another pack of lies.
Sheer hype. -- You prove it by not explaining why you like our income tax system; -- instead you attack the FairTax.
I (we) have explained numerous time why we dislike the FairTax: - It is marketed using a misrepresentations and outright lies. - It's supporters immediately descend to name-calling and character assassination with anyone who dares point out the flaws of the FairTax. - It will likely sink the economy into a deep recession before any of the anticipated economic benefits can begin to take hold. - It will penalize fixed income consumers as prices rise but their incomes do not. - As advertised, it will raise insufficient revenue to replace the current tax system necessitating a substantial rate increase, or substantial deficit spending (anyone who thinks spending will be cut the first few years is delusional.) - It will necessitate substantial increases in State and Local taxes so they can pay their share of FairTax revenue. - It will flow substantially more money through the hands of the Federal Government than today's system increasing waste, lowering the velocity of money, and creating a massive magnet for political favoritism (the prebate) - It relies on decade old simulations that do not properly model the economy and didn't accurately predict the behavior of the economy over the decade since publication.
For these reasons (and more) I do not support the FairTax. If you're going to attempt to represent my position, do it accurately or do not do it at all.
I made a comment about you income tax devotees, and so far none of you has even addressed that issue.
Put down the crack pipe, tpaine. Most of us are *FOR* the Flat Tax - a simple idea that has the merit of working everywhere it's been tried.