>>6
okay, let me point out that enough socialism it prevent poverty is enough to cripple an economy. do you know how many people would just take advantage of that and decide never to work, and thus never create wealth again? paying for everyone's nescessities is like handing out social security, only you don't even have to earn it. if there's no incentive to work, who will?
>>9
seconded. saved money doesn't dissappear, it'll be spent eventually. and who the heck spends LESS when they start getting MORE to spend?
and on top of that, a consumption tax would bring more stable income than and income tax. say Mcdonalds spontainiously banrupts and all the employees lose work.
the income tax revenue would be gone until those workers find new jobs, whereas a consumption tax would probably stay pretty level, because people still want hamburgers, they just eat elsewhere.
and no matter what issue you come up with, the current tax system will always lose to the fairtax. even is there IS a serious kink or two, (which TMK have yet to be foud) it can't be so serius as to be worse than out current tax system which sends jobs overseas, destroys incentive, and creates massive waste in money paid to pay a tax bill.