Any major new tax scheme is mainly a redistribution of taxes. In the case of the fairtax, it will be great for some groups and bad for others. The fairtax will hurt those with savings like the elderly and it will hurt businesses like housing which has to compete with the existing units. The fairtax has its advantages, but to pretend that it benefits everyone is a complete and utter lie.
As I explained before, many seniors already pay taxes on their retirement income including SS, so that won’t wash.
How does “housing” differ from “existing units” ? All would be subjected to tax, same as now. What’s your point ?
No tax benefits everyone - the question is, which tax method distorts the market less. The response is, obviously, the fair tax.
The tax code now acts as a redistributionist scheme for businesses. It favors the home/mortgage industries and “discriminates” against the insurance industries, as just one example. Why should mortgage interest get a deduction where homeowner’s insurance does not ?
A fair tax favors nothing over anything else - it is “neutral” as per industry.