"So book purchases, rent, food for college students is exempt? That sounds nice but one more layer of corruption and complication is added to this "simple" scheme. Before long it will be just as complicated as the current scheme and require as many experts and advisers and enforcement officials."
So it's bad if the FairTax taxes educational expenses, huh?
And it's bad if the FairTax exempts educational expenses, huh?
Whatever provisions are in the FairTax, they are just BAD. Why? Because they replace our beloved Marxist progressive income tax, that's why.
No they are "bad" because complications are introduced when the scheme is sold as simplification.
And all taxes are "bad" anyway.
I am not looking for perfection but just something which makes sense and does what it is claimed to do. This scheme does neither.
Having studied economics for almost forty years I am burdened by conclusions which theory produces. Thus, I can't pretend this scheme is better just because I hate the IRS.