The Fair Tax

Here's an exceprt from Chapter 13: OK. Great Idea. What Do We Do Now


"It's just a political reality: There are many officials in Washington, elected and otherwise, who like the FairTax proposal, but even today they are holding back to wait for a groundswell of support among their constituents. As soon as they see that growing surge of support, they will join in and use it to help pass the FairTax Act.

"That's where you come in. Inertia is everything in Washington, and the present income tax system has some massive inertia going for it. It won't be turned on a whim. The FairTax represents such a fundamental change in the way Washington does business that it stands virtually no chance unless beltway politicians know that the American republic is behind this change. For all but a few members of the House and the Senate, Job One is always to get reelected. They're not going to jeopardize their reelection chances by signing on to a piece of admittedly radical legislation without knowing in advance that their constituents are behind them.

"What we're saying, in other words, is that it's pretty much up to you."

"In Short, income taxes are siezed. Consumption taxes are paid. Which Way do you want it?"

IT'S UP TO US

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The Fair Tax

Thane Eichenauer posted the comment above and I wanted to respond and explain why these common criticisms are inaccurate and invalid.

"The Fair Tax proposes to shift taxes around..." The only shifting of taxes by the FairTax is shifting it from taxing wealth to taxing consumption. A much more fair process. It doesn't modify the current tax system: it replaces it.
"...not reduce taxes one little bit (not even a little!)." The FairTax is not designed to reduce taxes. It is designed to fund the government at the current levels. It will reduce the tax burden most greatly for those with the lowest income levels and the middle class.
"The Fair Tax proposal institutes welfare for all (prebates)." The prebate untaxes all US citizens up to the level of purchasing the basic neccessities of life. ALL citizens; that's fair. And the prebate makes the FairTax progressive. The government should not have a claim to the first dollars spent in a household that go towards meeting the basic necessities for that houshold. Welfare is redistribution of wealth, ie siezing money from one group in order to give it to another.
"The federal government needs to reduce spending and we need to roll back taxes..." The FairTax is not meant to address either one of these areas. And this is plainly stated in all of the literature. Reducing government spending, as the authors say, is a different kettle of fish. Criticizing the FairTax for not reducing spending is like boycotting the Celtics for not beating the Patriots. It is just not a valid criticism.
Please read the books for better answers than I can give. I hope my explanations have helped to clarify some things. I appreciate the comments and welcome any more questions.

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