You’re aware that Brookings is Liberal?
“You’re aware that Brookings is Liberal?”
Yea, so are many of the people who are pushing for Fair Tax.
Brookings did not produce the paper with the design of siding, one way or the other, with the Fair Tax or the Prebate. You would have to read it to comment on it. It discusses primarily the calculus in determining the tax rates over time as the economy corrects for a disincentive to consumption. Liberals love less consumption, BTW...
In the European nations with a similar system, a VAT with a very high government social net and payment system, we look at those nations as weaker to ours. There are still the very rich and those who might never have the freedom to prosper. They are progressive and socialist.
A consumption tax isn’t necessarily the answer. Massachusetts has one, then Dukakis overspent so they voted for a “temporary’ income tax. 25 years it is still temporary. Like so many progressive states, they have both city taxes, state income taxes, state sales taxes, excise taxes, and more and more taxes. It is my contention that if we do get a sales or consumption tax, the pols will have bought off the voters with a BIG and they will suck up to the progressives and keep the income tax, modified of course to screw the producers even more. Is this your idea of the Fair Tax being a conservative idea?