Total unadulterated bullcrap!
When current after-taxed savings are spent they get taxed again by the federal taxes currently embedded into consumer pricing from the Income Tax Code.
Those embedded taxes have been estimated again and again independently to be on the average 22%. That means a saver’s spendings are taxed twice, once by the income tax and once by the federal tax burden embedded into retail pricing.
The only difference under the FairTax is that those embedded taxes are no longer hidden, they are transparent for all to see.
Just because you choose to ignore that which you do not see but which clearly exists is not a valid objection against the FairTax.
The FairTax is SUPERIOR for all savings made after its enactment because it taxes savings ONCE as opposed to taxing savings twice under the current Income tax code and by the accumulating, passing on and embedding into prices the federal tax burden to consumers.
You have a link?
The only difference under the FairTax is that those embedded taxes are no longer hidden, they are transparent for all to see.
Prices don't change and I get to keep 100% of my paycheck? And the government raises the same revenue? Sounds great!!! Or a perpetual motion type scam.
After a hypothetical transition from the current system to the perfect implementation of a FT, prices will not immediately fall the theoretical amount.
Economic practice shows that economics is not a frictionless environment. Besides I don't trust the gov't to get it right, nor to not screw with the rate (which should be lower than a breakeven to the current drain of gov't).
I suspect that I've been carrying more than my fair load for decades. A FT makes it more difficult to go virtually Galt. It doesn't really address the fundamental financial flaw of a democracy.