I prefer the “Fair Tax” over the Flat Tax.(both are far more preferable over what we have currently)
I believe most people would favor the Fair Tax if they fully understood it, but unfortunately it can’t be explained in five/ten second sound bites, or thirty second ads.
The entire tax system has been hijacked by interests and politicians using it as a vehicle to control virtually every aspect of our financial lives. Everything from accountants, lawyers, companies like H&R Block, the welfare state, and politicians - they’ll never willingly surrender that kind of power. Entire institutions and livelihoods have been built around it. Just like our ‘legal industry’/criminal justice system.
You are right, right, right…..
RE: I prefer the “Fair Tax” over the Flat Tax.
The problem (still) with the flat tax is this — What constitutes income?
That doesn’t neuter the IRS at all. It does simplifies the tax code but “income” is still defined by Congress and still confiscated by the IRS.
For instance, Will your estate still be FLATLY taxed after you die?
If the answer is yes, then the flat tax STILL does not disempower the IRS.