I hope not, it is a serious flaw affecting a large portion of the population. It needs to fixed not argued for.
You stop after reading the first line that says what you want to hear ?
wgflyer gave you two points: a new tax where there wasn't one before; an elimination of existing taxes, ie, a hidden tax on purchases and future income taxes on the ROI of the savings.
Sure there will be a new tax, but existing taxes go away.
So what is the NET effect ?