Ah but that would eliminate the appeal to the free loader portion of our society. Think of how many welfare and entitlement programs the prebate could replace. Even to the point of calling it the guaranteed minimum income and the official poverty line of the USA. Thus poverty would be forever eliminated, social justice officially established, retirement schemes no longer needed, and the people that wish to be productive unchained to work their magic.
So, you are opposed to the FairTax. I get that.
If you were King for a Day, what would you do to revise the tax code?