I should have known, but I just found out that another FairTax bill was introduced in Congress last month. John Linder (R-GA) introduced H.R. 25, “The FairTax Act of 2007,” on the first day of the 110th Congress. There are 55 cosponsors. The numerous problems with this “permission-to-live” tax, as Murray Rothbard described consumption taxes, I have already explained here, here, and here.
Rothbard sums things up nicely: “There can be no such thing as ‘fairness in taxation.’ Taxation is nothing but organized theft, and the concept of a ‘fair tax’ is therefore every bit as absurd as that of ‘fair theft.’”