>> Under the FairTax, unlike the income tax, everyone would be able to save and invest with previously untaxed dollars.
You’re being disingenuous.
I said it would screw retirees, as well as those who save so they can spend later.
How?
Well, these poor folks were TAXED (highly!) when they EARNED the money.
And, they will be TAXED AGAIN at CONFISCATORY (30%) rates when they SPEND their hard-earned, and highly-taxed, money.
Tell me, how is that FAIR?
I’m afraid it is you who is patently wrong on this issue.
Sorry but you are just WRONG!
I am one of those people who worked and saved for a lifetime and who is now retired. I and virtually everyone like me would be FAR better off under the FairTax!
What you are failing to realize is that every single one of those things you list IS happening to those folks today under the income tax!
You’re not very smart. You make no sense at all.