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.
"I waste too much time trying to explain basics economic realities to the fairtax supporters."
LOL!!!
I'm saving this post for all posterity. I may sneak it back into these threads from time to time. LOL!!!
The official SQL economic textbook: