I don’t support the prebate idea. It was a political addition made for political reasons, which I think is misguided.
The 30% figure is simply what would be required to replace all current revenue from other sources, ie to be ‘revenue neutral.”
The sales tax makes that horrendous level of federal spending visible.
Which isn’t an argument against a consumption tax. It’s an argument against out of control federal spending.
An argument that won’t even be made if we continue to tinker with the Stupid Tax, which keeps that horrendous level of federal spending masked behind a gigantic wall of smoke and mirrors.
A critical problem Trump’s plan does not address and cannot and will not solve.
You didn’t address the horrendous inflationary pressure this will have on the real estate market.
I would bet that a 30% consumption is 'revenue inflationary' rather than 'revenue neutral'.
And I do not need to be slapped in the face with this Un-Fair Tax of 30% to know that gov't spending is out of whack. And what makes you and the other Un-Fair Tax people think that this will have any influence on reining in the out-of-control gov't spending?