As a political moderate who cares about the poor but who doesn’t believe in “Robin Hood” taxation, I LOVE the Fair Tax proposal.
But there is one “transitional” problem I have.
I recently asked them a question about how to deal with the issue of people who haved saved their entire life paying income tax only to have the law change and then be forced to pay sales tax on the VERY SAME money when they spend it (on a new house).
This is quite effectively double-taxation.
The response I got was that there would be no exemptions for anything and that people should realize there are hidden costs in IRA and Keogh accounts.
This response really turned me off because it was obvious the person was trying to obfuscate the issue for lack of anything resembling a decent response.
I will post the response in a comment below. 6 years ago