[Polybius]

It is too funny that they think one of the big selling points is that the plan promotes savings and investement, as opposed to consumption, yet.... those who are savers and investors under the present system are the ones that get hammered the worst by the FairTax.

I am one of those people who assumes that Social Security will not be there for me when I retire and I am also a high income/frugal lifestyle type of guy that has accumulated far more money in after-tax savings and investments than in tax deferred retirement accounts.

On these threads, I am told that my double taxation concern is a non-issue since people such as I don't exist and nobody under the present system has enough after-tax savings to bother about.

[RobFromGa]

I also assume that I'll never see a penny of social security unless it is partially privatized.

I think that getting control of this out of control entitlement spending (Social Security, Medicare) before we drive the bus off the demographic cliff is the fiscal challenge facing our generation. Like the War on Terror, it is up to us to face this challenge before it is too late to avoid inter-generational chaos that is sure to come if we fail to act.

[Principled]

On these threads, I am told that my double taxation concern is a non-issue since people such as I don't exist and nobody under the present system has enough after-tax savings to bother about.

Oh my! Who told you that?!

[pigdog]

"On these threads, I am told that my double taxation concern is a non-issue since people such as I don't exist and nobody under the present system has enough after-tax savings to bother about. "

Hmmm - I must've missed the posts you refer to. Please give us links to same so we can take a look at them.