I have better things to do than to spend my entire weekend writing an economic paper detailing how the Fair Tax is a house of cards built on a shaky foundation of assumptions. I actually find whole premise interresting and possibly cause of further research. I just find fault in it being implemented.
Keep in mind however that it would cause a massive restructering of the economy to pull off, and any restructering of an economy (one that is working should I add) can cause huge displacements.
"Keep in mind however that it would cause a massive restructering of the economy to pull off, and any restructering of an economy (one that is working should I add) can cause huge displacements. "
What "massive restructuring" are you speaking of?? None that I'm aware of has even been shown by anyone and I certainly doubt you'll pull that off - especially since you "have better things to do than to spend my entire weekend writing an economic paper detailing how the Fair Tax is a house of cards built on a shaky foundation of assumptions".
We've had others on these who are far better at scare tactics than you. They also haven't been able to find, describe and define with economic particulars these "so-called "huge displacements".
Very wise. I waste too much time trying to explain basics economic realities to the fairtax supporters. You already seem to have a full grasps of the shortcomings. Conceptually it is a good plan, but there is no way you can just switch over from an income tax to a consumption tax and not throw the entire economy into chaos.