My mother lives off of Social security and she’s as excited as hell about this plan.
Because she realizes that overall, prices will go down. The 9% tax will be a wash or better than what we’re paying now.
And if my husband and i get the $7000 estimated tax savings that the Fair Tax calculator says we’ll get, we might be able to actually be able to afford to help our parents out in their old age.
Imagine that. Family being able to afford to take responsibility for family instead of leaving it in the lap of the government.
Have you ever seen prices on goods drop once raised? I haven’t. Ditto the taxes. How long will it be before that 999 is increased to 202020? These are spendaholic politicians. Do you actually trust them? I don’t.
Secondly, it is a way to continue to tax the Boomers who already have been taxed to death virtually all their working lives. They are the longest, highest taxed generation in history.