Not more taxes....or you didn't read it. FairTax dispenses with the Federal Income Tax and all taxes for that matter.I had to look up FairTax and settled on this.....
I find it reads to be just more taxes.
The root of the concept is this: Involuntary taxation is theft. And the obvious knee-jerk rebuttal is: "No one wants to pay taxes", but in Americans in particular want to buy new things....and will pay often exorbitant prices to get the latest gadget (iPhone anyone?). Under FairTax, you only pay taxes IF YOU WANT TO BUY NEW ITEMS and is therefore voluntary. Used items are not taxed and staples like food/gas have voucher programs (though this could be simplified further by simply not taxing them at all).
FairTax is a national sales tax...of about 23%. What people who haven't researched don't realize is that the goods you already buy have ~30% take already baked in between taxing the raw material, companies that produce the good, the labor required to make it, shipping, marketing, etc. You'd actually like see a drop in the cost of most goods.
It all but eliminates a few career fields though...CPAs and IRS workers mostly, since audits would be extremely simple affairs where an IRS employee would only need to check that tax was charged for a new item.
The more important aspect is that FairTax changes the consumer's mindset and our economy from a disposable/consumerist mindset to one that values well made, long lasting products b/c they have lasting, inherent value on the used market. It encourages companies to get away from the planned obsolescence model of design and design quality products.
B/c of the tax structure, corporations are incentivized to bring the majority of offshored production jobs back to the US. A service economy is only good for high paid service sectors like medical and legal and the vast majority of the population do not work in those fields.
Lastly, it's not like a "Flat" tax which is still involuntary so ethically untenable and which is inherently still unfair b/c while the percentage may be the same....the amounts are not and under flat tax programs, you're penalizing someone for being more successful than someone else simply b/c they brought in more income.