There is more to Presidential Candidate Herman Cain than people really know. To learn more please visit:
He supports the Fair Tax. That goes a long way to winning my support.
The President will have very little effect on passing the "Fair Tax", its implementation would require a Constitutional Amendment.
A wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.- Thomas Jefferson March 4 1801
The president may have nothing to do with constitutional amendments, however he can propose legislation, and has the bully pulpit. A real discussion on the Fair Tax will not happen until we have a major candidate who supports it. Until then, we will only get the media misrepresentations of it.
Taxes are necessary. But, taxes are tyrannical. The Fair Tax is the least tyrannical of all tax proposals I have heard. Our current system, and its requisite IRS, is hopelessly oppressive and has to go.
Revenuers were around before the IRS, they will be around after. It might or might not be as invasive as an income tax; it is basically a gross revenue tax instead of profit tax. I'd rather see the feds go back to revenue sources they had before the 16th: alcohol making tax, tariffs, public land resources.
More domestically produced products sell, creates more jobs, injects more available dollars, more products sell, revenues increase.
There are a thousand other reasons why taxing the demand side makes more sense than taxing the supply side. This was just three of them.