1) the government can spend more than it takes in (as we do now)
2) Congress can continue to borrow on the full faith and credit of the United States
3) The fed can continue to print money at will
The Fair Tax will not stop any of the above three. If you want to “starve the government” .... then you need to limit SPENDING. Changing the tax collection method will not have any impact.
Again, supporters of the fair tax think that it will do something that it wont.
“My way” has not even been discussed. My way would be to take last years total federal spending, split it into two equal parts. Divide the first party by 100 and assign that amount as a per state senator tax assessment. Likewise, divide the second part by the number of representatives.
Then each state would receive a tax bill equal to the Senator assessment (2 x senator amount) plus the representative amount (# of representatives x representative amount).
States that can't or wont pay their bills lose the right to cast either Senate or Representative votes.
Geez, and you say the Fair Tax is a pipe dream! Lets get behind something that CAN actually pass...
Progressive Tax = FAIL
Flat Tax = FAIL
Fair Tax = TBD
The number of supporters grows every year... :-)