[Dr. Sivana]

I am undecided about the fair tax. Someone did bring up the question concerning how you do the changeover. Lots of people who have made major financial decisions based on the current system could be ruined over night through no fault of their own.

[Man50D]

Lots of people who have made major financial decisions based on the current system could be ruined over night through no fault of their own.

People are be ruined now by the income tax. They have been making financial decisions with a system consisting of multiple taxation. The price of all goods and services includes embedded taxes at each stage of production due to businesses passing on the cost of their corporate income taxes and associated compliance costs onto the consumer. It only gets worse since investments are taxed. The Fair Tax eliminates all these taxes by abolishing corporate income taxes and taxes on investments.