[littlelilac]

no income taxes - that would be beautiful - (esp for a Canadian paying about 40 per cent overall income tax rate)

- the only thing I have heard, (and I am clearly not as knowledgable on this topic as you) is the argument that a sales tax would be a more volatile revenue base and that a combination of a low flat income tax and a sale tax would hedge that bet......or perhaps to start off with......

[Principled]

Consumption is more stable than income.

[Zon]

Looking at the big picture, the price of goods and services decrease. Products made in America have a favorable, competitive-export advantage.

In regards to attracting businesses to set up shop in the U.S., the United States has a favorable competitive advantage in attracting a multitude of businesses -- small, medium and large. The economy booms. That's the big picture.

Negative volatility that may crop up would be trivial as many other problems are in comparison to the big picture. Problems seeking a capitalist solution.

[phil_will1]

"....a sales tax would be a more volatile revenue base and that a combination of a low flat income tax and a sale tax would hedge that bet......or perhaps to start off with......"

That is incorrect. History shows that consumption is a more stable and predictable revenue base than income is. Here in GA, a big part of the problem with our state budget during the recent economic downturn is the dropoff in income tax revenues. Sales tax revenues did not show nearly the proportionate decline.