> “A national sales tax would be the fairest and most beneficial way of taxing and to drastically reduce the size of the central socialist government.”
Your argument is fatally flawed. You are missing one word that changes the entire meaning and argument:
The word is ...... “RETAIL”
You really need to think before you post.
Here’s your sentence revised so that it doesn’t lead America down the road to Hell:
“A national RETAIL sales tax would be the fairest and most beneficial way of taxing and to drastically reduce the size of the central socialist government.”
And here is the link to the text of the legislation that refers to the National Retail Sales Tax (NRST):
http://www.gpo.gov/fdsys/pkg/BILLS-113hr25ih/pdf/BILLS-113hr25ih.pdf
The word is ...... “RETAIL”That's a little snarky for someone who didn't read or think before posting. I'm more than just a little familiar with the FairtaxYou really need to think before you post.
The word "retail" is not in the legislative language in the link you posted.
The reason? Because the tax is imposed on the gross payment (including itself) and it taxes virtually everything including, in some cases, (gross)self-employment income, wages and interest (AKA income).
It also allows SS bureaucrats to "determine" the rate every year with out a vote or a signature.
On day one of the tax your assets would lose the face value of whatever the tax rate is. In the case of your Fairtax it would be a 23% loss on day one.
Any after tax investments held now would be taxed again (23%) when you spend it.