fair tax is merely a shell game by which the governmetn keeps it’s money supply steady, or increases it in the smoke screen, whilst making the people think that something earnest has been done.
tis better to do nothing until real spending cuts can be forced upon washington. if they spend less they’ll need less, and tax less.
“fair tax is merely a shell game by which the governmetn keeps it’s money supply steady, or increases it in the smoke screen, whilst making the people think that something earnest has been done.”
That’s not a fair simplification of it. There are many potential benefits, such as choosing your level of taxes based on your discretionary spending habits.
But one of the biggest things would be to get gov’t out of the business of giving disincentives to people for making more money.
And there’s also taking the teeth out of the IRS.
I’m not completely sold on the FT, because your comments about runaway spending are right on target. But on the whole I think it offers enough substantial benefits with managable downside risk such that it’s worth taking a serious look at.