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Ah, but it's no fraud but a real, live and very heavily investigated and researched piece of tax legislation.

Actually your post #469 doesn't cover what you had in the Private Mail, but I'll respond to #469.

You seem to be saying that since the FairTax is revenue neutral nothing would change since the amount of goods on the market and the money supply would remain the same. Certainly that is not the case since prices to the consumer would drop and the consumer would have more money in hand to buy things so that even with the FairTax prices would be somewhat less than before.

This benefit would trigger increased consumption rather than less and people using some mix of already taxed funds along with earnings or other income for consumption would pay something less than the full 23% since even consuming at twice the poverty level the effective FairTax rate is about 12% or so.

The income tax isn't equivalent to 70-80% of the FairTax but 100% of it. that's why it's referred to as revenue neutral - designed to raise the same amount as the present income tax system.

If under the present tax system you spend already taxed money (or even untaxed money) you'll be in effect paying a tax in the form of prices artificially inflated by the costs of the business income tax and its costs that become embedded into prices. With the FairTax, these hidden tax components are removed and prices to the consumer will decline.

I believe you're mistaken, too, about the overall economic effects of the FairTax since with the increased economic activity brought about by the FairTax, price levels overall will decline due to competitive pressures and increased captital investments. Interest rates, too, will decline.

So let's hope for your sake that you have multiples of hundreds of millions to "contribute to tying it down in courts" - that's a fine Democratic solution to anything you don't like. We see it all the time.