[Always Right]

The big picture includes tax competition among countries. The first industrialized country to replace their tax system with a "FairTax"/consumption tax will have an almost unfair advantage in gaining jobs and greatly increased economic growth. That will come at the loss to other countries.

The VAT already does that, which is why Greenspan supports a consumption-based tax like a VAT or sales tax. In some ways it is amazing that America has stayed competitive with Europe since our products have embedded taxes and theirs have much of them taken out when they are exported.

[Zon]

The VAT already does that,

No it doesn't. VAT does not facilitate economic freedom. VAT is a nightmare and most countries that use it also have an income tax.

In some ways it is amazing that America has stayed competitive with Europe since our products have embedded taxes and theirs have much of them taken out when they are exported.

The FairTax would easily out-compete the VAT in creating new jobs and economic growth. 

[pigdog]

It's unbelievable that you've been opposing the FairTax on these threads for years now and still do not admit or realize (don't know which) that a VAT is a totally different type of tax form from a true consumption tax sush as the FairTax.

You still incorrectly try to equate them (and Greenspan does not support a VAT).