None of the opponents of the Fairtax address the real problem that most of them have with it.
The secret is, that there are huge amounts of money to be made and influence that can be bought by manipulating the current tax code.
That is what lobbyists work to bring about. That is what our Representatives in Washington DC spend most of their time doing, and they are not going down without a fight.
How do you expect lobbyists to earn their money if they can’t convince a Congressman or Senator to put through a tax loophole to benefit their client, or conversely impose taxes and regulation that disadvantage their competition.
You don’t get a fat expense account if you can’t do that, and that is what remaking the tax code would do.
That is without even considering the “financial advisers” and estate planners that would loose their place on the gravy train because they couldn’t figure out new ways to keep from paying income and estate taxes.
You’re talking about large, well financed, and well connected opposition here. They include or can hire all kinds of well respected “experts” that will come up with all kinds of excuses why it won’t work, and don’t expect any help from any of the pundits in print or media either. They’re part of the game.
The Fairtax will never come to pass no matter what the advantages. There’s just too many people who are invested in the current system to allow it.
