[Somewhat Centrist]

Um, dude, that would exempt some 70% of the economy. The tax rate on goods would have to be astronomical to make up for that, like 300%, and then people would spend even less on services...

There is no way that would work, even if people continued to buy goods at the same rate the underground economy for goods would take off bigtime.

[JeffAtlanta]

Um, dude, that would exempt some 70% of the economy. The tax rate on goods would have to be astronomical to make up for that, like 300%, and then people would spend even less on services...

This has already been hashed out - the plan is solid. Everyone buys something with their money eventually. There is no way that retail purchases only make up 30% of the economy.