“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.
if you think for one minute that the politicians are gonna let you keep any more of your money than right now, then I have a bridge in NYC to sell you cheap.
if any person ends up paying LESS than they do right now, spending will increasse until that person is paying the same. those who pay more will still pay more - that way Big GOvernment gets more money from everybody fo rless perceived ‘pain’.
until governmetn spends less, then whatever means of taxation will merely end up costing more.
and those who say that elimination of the IRS will result in saving money - remember how much taxes went down with reduced military spending after the collapse of the USSR. they’ll regard that money as ‘found’ money and create more spending programs to absorb it.
the tax system is less a problem that SPENDING.