If you need yet another reason to favor the Fair Tax Plan, this is it. This article is all about tax shelters and how about a quarter of the world's assets are held in tax shelters, usually little sialnds in the middle of a big ocean. One expert whines that the use of tax shelters shifts the burden of taxation from the people who can afford to those who can't. In the U.S. if you are poor, not only do you not pay taxes, many times you get a refund. And the rich supposedly don't pay taxes at all (despite the incontrovertible fact that rich people pay a good bit over half the tax revenue in this country, they are rich, so they must be evil, so obviously they are hiding all their money on an island and not paying any taxes at all), so I guess my Dad is paying all the tax revenue the US gets each year, which means the IRS must not be doing too bad, because he got a refund.

Anyway, my main point is that the Fair Tax Plan would solve all these tax haven problems, because none of that money would be taxed even if it stayed in the US. Not unless they spent it, anyway. And then we'd have billions, maybe even trillions, of extra dollars floating around in our banking system, earning interest, providing capital for loans, feeding the poor, whatever. Not a bad deal. I'm still waiting for someone to give one valid reason AGAINST the Fair Tax Plan that can't be quickly and easily refuted. Most of the people I have seena rguing against didn't even bother to read the plan, or chose not to care about the specifics, or decided to lie, because the arguments all left out important facts, or gave misleading and incorrect information.