[EternalVigilance]

The FairTax plan is a national retail sales tax that completely replaces the Stupid Tax, lock, stock and barrel. Instead of burdening productivity, capital, capital formation, and labor, it burdens only consumption.

Trump’s plan leaves the entire Stupid Tax apparatus, including the IRS gestapo, fully in place.

[EternalVigilance]

Ping...

[Cringing Negativism Network]

Well you completely ignored my question about what Huckabee has as a proposed policy, on bringing back American jobs.

That is critical.

America needs to rebuild. Right here.

[mmichaels1970]

Love the FairTax plan. Sad that only Huckabee is on board with it.

[chimera]

Would not the same arguments apply to a consumption tax? Income taxes are based on reported income. Likewise, consumption taxes would be based on reported sales. What if those sales were not reported?

My neighbor is a mechanic and does repair work for friends and acquaintances on the side. Cash only. He fabricates parts which adds value to the raw materials. Cash only again. No reporting of the value added or the labor. Would not an excessive consumption tax lead to more "underground economy" operations? I'm not talking about drug dealing and illegal gambling, just everyday work, selling and exchanging items instead of going to the store, that kind of thing.