One problem with the Fairtax (which I happen to be in favor of) is that most of the financial services in this country are devoted to avoiding or minimizing the Income Tax and Estate Tax. You didn’t think Warren Buffet and Bill Gates gave all that money to Foundations because they liked to, did you? No, it’s a way they can funnel the money to the right people while avoiding paying the taxes on it.
It’s the same with most, if not all, of the critics. They make their living helping people avoid or minimize the Income and Estate taxes. Eliminating those taxes would eliminate their jobs. Their very well paid jobs. This isn’t a matter of eliminating the jobs of loggers or oil workers, these people matter. They have the money and connections to lobby Congress and obtain sympathetic coverage from the news media.
Their not going down without a fight and have the wherewithal to insure a vigorous one.
