What's wrong with the fair tax?

What's wrong with the flat tax?  Look at some of the major features of the flat tax and you decided for yourself.

A single flat rate- you make more you pay more, you make less you pay less.

Elimination of Special Prefrences- everybody is taxed equally no one get special credits or exemptions.

No double taxation of savings and investment- think about it no capital gains tax, no taxes on dividends. You get taxed one time on your income and that's it.

Territorial taxation - Only tax income earned inside the United States make the playing field level for compainies and businesses.

Family Friendly -  Households receive big exemptions, a family of four would not have to pay any income tax until they reach $30,000 in income.

Consumption based- you pay on what you make.