The Only Man in America Who Is Against the FairTax

I get a lot of e-mails about the FairTax. By a lot, I mean thousands. And over 99% of those e-mails are from FairTax supporters. I almost never get an e-mail criticizing the FairTax, so when I saw this one, I nearly spat out my coffee. Since I have posted so many letters from FairTax supporters, it seemed only fair that I post the letter from a FairTax detractor:

Save your money; don't buy the [FairTax] book. If you find a copy on the bus, don't read it.

All Sales Taxes are REGRESSIVE. They hurt those most, who have the least money to spend and spend all their income.

If you earn $30,000, borrow $10,000 to send Junior to college, you pay tax on $40,000, even though you only made $30,000.

If you made $25 million, only spend $4 million, you get $21 million untaxed. Don't listen to the dodge about next year because next year you make $27 million and that $21 million is still untaxed.

The same people, who screwed up the current graduated income tax with oodles of shelters and 3-martini business lunches, are the same selfish, greedy rich, who are attempting to scam more dollars out of Mr. Average American.

There is a very important, but barely mentioned aspect: REVENUE NEUTRAL - that means that if tax system is changed, US government must get the same amount. If rich pay less, the rest of us must pay more. There is absolutely NO WAY AROUND THAT MATHEMATICAL FACT. All the government handout crap is merely camouflage for this fact. There is NO System of Taxation where everybody wins.

Yes, the current system is flawed; but the FairTax will make it much worse. Change is not always good. If the rich want it, beware. It is Fool's Gold.

Also, the tax rate (flat, which means Regressive) will have to be increased to 30%, 40%, or 50% to insure the government gets theirs (Revenue Neutrality). Don't forget State sales tax, which can be 8.75%. Add that on.

Finally, if Bush wants to start another war in Iran, for instance, he can also collect Income Tax on top of the National Sales Tax. The Income Tax is dormant, not dead.

Elderly, retired people will pay tax on the same money (Double Dipping). Their nest egg was taxed coming in; it will be taxed again when they spend it).

Those, who promote this scheme are either rich or incorrigibly gullible.

The FairTax is only fair to the Rich. It's a Pyramid Scheme. Never trust the Rich to protect your interests. Remember, "If it sounds too good to be true, it probably is"!