I follow the stocks... too closely... and, it isn't pretty. Many of the companies that are tanking the market are mega-orgs - some of which are too big to fail. At least that's what we are told.
How does a company get "to big to fail"? Well, by getting special treatment. That's how. And it isn't just special treatment from the latest goverment giveaways. It has been happening for decades in our tax code and other legislation.
You see, when some companies get special treatment (ST), they kill competition. The companies with ST have or retain more resources to attract the brightest and best who might otherwise lead their own smaller companies if the game weren't rigged. It is the ultimate pay-go. Mega-organizations pay & get special treatment... employees climb the mega-ladder wiith the same mindset & mega-leaders are basically groomed within a corrupt system. Political contributions (bribes) will continue to keep corrupt politicians in office and will continue to buy special treatment for the mega-orgs who support these politicians.
The FairTax is important because it begins to get us away from this corrupt and unethical mode of operation and starts us on back on an ethical, altruistic, free market path. If the tax code were clean of all of the tax advantages to the mega-orgs, the soundest (those who offer valuable products/services and great customer service) will succeed. Those who don't offer a great value will either change and survive or they will fail.
Of course, the FairTax has the added benefit of freeing business and individuals from competing with both hands tied behind our backs... (by eliminating Corp, Payroll, and Income taxes) which will raise business and individual prosperity but the reducing Wall Street/Washington corruption is a big benefit as well.
The American People need a system they can trust - not more of the same.
It is time for the FairTax.