I have read and criticized the fair tax enough to make it a shakey proposition. But I must confess that I am just as willing to take a chance on it, as the fiasco that we are currently living under.
I don’t like the “prebate” part of this plan. It is a sop to the poor whom I consider parasites under this plan and the current plan. Let the poor pay taxes just like everyone else. They should not get “a pass” for being poor. They are poor by their own actions and choices and giving them a pass only encourages them to continue making bad choices.
As you point out the way to cut taxes is to cut spending. There are several ways to cut spending beginning with the social programs that support and encourage the poor. The tax breaks that are given businesses and the middle class. If taxes are sufficiently low, there should be no need for a special tax break for business, which granting a special tax break essentially is an admission that taxes are too high.
Certainly the military spends a boatload of money ( I understand the need for this but we are discussing fairness)
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.
The "prebate" is a gimmick to make the plan pallatable to the uneducated. It doesn't affect the real impact one way or the other. Whatever is "prebated" gets built back into the final cost of the goods and services so the people that got "prebated" end up paying it anyway. The prebate is what Carville once called, "Boob bait for the Bubbas".
The "prebate" really doesn't do anyone any good, but it doesn't hurt anything either. It is just smoke and mirrors. Considering the daunting task of selling and implimenting the fair tax, if you support it, forget the "prebate" it just doesn't matter in the real scheme of things.