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I'm supposed to help you convince me? :) I find the arguments for the FairTax far more persuasive and convincing (www.FairTax.org)

Show me a study.

Consider, for example, your typical billionaire, of which America now has more than 400. These fortunate few are invested primarily in equities on which they pay taxes at a 15 percent rate, whether their income comes in the form of capital gains or dividends. In addition to having the income...

The Supreme Court has ruled that campaign donations are a protected form of freedom of speech. Your right to donate money to a political campaign is protected. It can't be blocked. You can put regulations on it but you can't block it.

FairTax does not tax food, bread, water, etc. It does not tax the necessities of life. Unfortunately, this would be a violation of the 2nd amendment right to free speech.

I'm not missing the details and I'm not spinning. I coded a system for a human resource department to calculate the social security taxes for their paychecks. It was insane. Generally, the more money you earn, the higher your tax burden should be. That's what most people want to see happen...

Essentially, you believe that social security taxes are unfair? I agree. Let's eliminate them by implementing the FairTax.

Not correct. Rich people tend to spend more than the middle class, and they buy expensive things more often. Therefore, they will pay more taxes.

The FairTax is an excellent idea. Rich people tend to buy more stuff, buy more expensive stuff (planes, cars, houses, etc.) So, with the FairTax, rich people will actually pay more taxes, as they buy more stuff.

+1 The FairTax does that very nicely.

California is providing services to immigrants who do not pay taxes because they are employed illegally. This is a factor on why California is teetering on the brink of bankruptcy. However, if the FairTax was implemented, all immigrants pay their fair share of taxes when they buy goods and...

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It depends on the gateway.

+10 Everybody is encouraged to read the book. http://www.amazon.com/exec/obidos/tg/detail/-/0060875410/qid=1122253455/sr=8-1/ref=pd_bbs_1/104-7075036-4755158?v=glance&s=books&n=507846 And get more information from http://www.fairtax.org

+10 I dislike war but that's the truth.

+10

That is a very big assumption.

Hopefully, that Rithmic guy can answer this question.

I would like to see the same chart on the S&P 500. Do you have one?