Those taxes “against the rich” that Obama is planning will certainly effect many others.
What’s even more ludicrous is the fact that every time government cuts taxes, the economic growth causes an increase in the government’s income. So Obama’s demands for his sense of economic justice would decrease government revenue – which sure doesn’t seem like a good thing to do with all of the expenses it seems like we’re facing now and in the future.
Of course, there is a plan that would make taxes more fair, less expensive, eliminate nearly all loopholes, completely untax the poor, and, resultingly, grow our economy immensely. And frankly, I can’t think of a better time to implement it…
Tai-Chi Policy 
Let’s face it. Some people just don’t have the intelligence to grasp the benefits of the FairTax, nor do they care. Most people who make their living off the current code mis-represent it, mis-quote it and degrade it because their personal wants and needs exceed any degree of caring they have for the overall country. One cannot get away from facts. We can put them aside and not think of them, but they remain.
Social Security and Medicare/.Medicad will be going broke. Today they already exceed military spending. The media , politicians and pundits offer only unfair and uninformed solutions. Cut benefits, raise the tax rate, raise the retirement age or any combination of these. Which of these is fair and to whom? We must expand the tax base to include everyone who sets foot on U.S. soil, way beyond the 55% or so of people who pay taxes under the current tax code. The FairTax will do this.
The income tax code and Social Security are sacred cows to politicans. Not because they want the best for us, they just want the power they control with these programs.
The present tax code is 67,000 pages of special favors for friends, and voting blocks, or punishments for non-friends of congress .The FairTax is 133 pages for the people.
I’ll take the FairTax
I think most people, with the exception of a decent portion of lobbyists, bureaucrats, and the political class, would like the FairTax, and do have the intelligence to understand it, and its benefits. The problems are twofold, and compound each other: 1. There are many alternate tax plans, and the Fairtax has to compete with those for attention. People need to have the FairTax explained to them or they’re not going to jump on just from the name. 2. The people who we normally trust to give us our economic advice are quite often part of the minority that are entirely opposed to any major change in the status quo.