[CGTRWK]

Changing from an income tax to a spending tax midway through the game amounts to double taxation of savings. Once when you earned it in the first place, and now again when you go to spend it. We all recognize the double taxation of the death tax as inherently wrong - a massive new tax on your life savings when you do anything with them is every bit as odious.

Furthermore, no amount of juggling of the tax system is going to solve the coming Social Security and Medicare crises like Hastert says they will. The problem is that as with all pyramid schemes, the robbee:robber ratio eventually reaches a level of unfeasability. Switching Tax Plan A for Tax Plan B amounts to removing the needle from one arm and inserting it in the other.

[Taxman]

Double taxation of savings exists right now, right here in River City!

Who do you think pays the corporate income tax and pays for all the distortions in the economy the income tax causes?

Consumers do!

And this "tax cost of government" is roughly 25% of domestic retail sales prices. For every dollar you spend, whether FRom current income or savings account, you are paying a $.25 "tax."

The Fair Tax eliminates the "Tax cost of government," and will result in a 25% reduction in consumer prices.