[Conservative Goddess]

"...Remove the second hit and you will have more supporters....."

You're getting hit twice regardless......invisibly under the current system.......or visibly under the FairTax.

For those who've truly amassed a fortune, and want to pass it on to heirs...the FairTax removes the Estate and Gift Tax impact as well. NO MORE complicated estate planning. There's another benefit of the FairTax that often is not considered when after-tax savers are evaluating the FairTax. No More Minimum Distribution Rules from IRA's, 401(k)'s, etc....and no limit on inter vivos gifts.

[BikerNYC]

You're getting hit twice regardless......invisibly under the current system.......or visibly under the FairTax.

People will see the definite imposition of a new tax on spending the very money they have already been taxed on for earning. You respond with the hope that prices will go down and that it will be a wash.

I don't think your hope will win the day.

There should be no resistence to exempting after-tax money previously saved unless this really is a scheme for the government to make money in the short-term to help reduce the deficit.