[N3WBI3]

You must also consider how would this affect people who have already "worked" all their lives and exchanged their work for money that they have in bank.

And I must do this why? You seem to be perfectly ok blowing off how it might affect me. People sure dont seem to care the SS will be gone by the time I am ready to collect it despite the fact I pay into it.

The purchasing power of a dollar in the bank cannot change on the day the FairTax is introduced unless you plan to also introduce NewDollars at some exchange rate to "Old" Dollars.

Of course it can the purchasing price of a dollar is the amount you can buy with it. If prices went down tomorrow then purchasing power of a dollar would go up. Im not trying to say fairtax would make the prices go down but your assertion that "The purchasing power of a dollar in the bank cannot change on the day the FairTax is introduced" Is flatly incorrect..

[sitetest]

Dear N3WBI3,

"People sure dont seem to care the SS will be gone by the time I am ready to collect it despite the fact I pay into it."

Then fix Social Security.

This does nothing to defuse that time bomb, nor the other one, Medicare.


sitetest