I just wish that these so-called 'Fair Taxers' would just ONCE comment on the transition phase between two different tax systems. Or else you will end up paying BOTH.
Your argument is vague. There is no transition phase, it would happen immediately any given January 1st. If you are referring to businesses, you are wrong.
You won't end up paying twice. You will be required to count existing inventory at the end of the year = X(most businesses do this already). You pointed out that you already paid taxes on that once, your right, but there is a provision in the bill that says you will not have to pay tax on the first X amount of $ you take in the following year.
If you are referring to something else, please be more specific.
If you want to have the gov't intrude into your life, keep more and more of your money, and chase businesses off with a huge, incomprehensible tax system. . . by all means lets keep what we have. I'll support the FairTax untill someone comes up with a better idea.
A few here make fine arguments against this plan, and to those I say "so what". The pros outweigh the cons. Yes the book has proven to be misleading, but don't discredit the whole idea because a talk show host and a politician got over-zealous. The fact that this bill is receiving real attention in congress speaks for itself, since it takes massive power away from politicians(they usually don't like that).
If you don't ELIMINATE the 16th Amendment, you still have the very real possibility of an income tax. FairTax doesn't address this at all.