Of course, everyone will be better off. Prices will be about the same, and all wage earners in America get a takehome pay increase of 15-25% which translates to 15-25% more stuff they can buy. And all this money appears from savings in compliance costs. And everyone gets free prebates, young and old, plucked fresh off the FairTax money tree.
It sounds great, too bad it is impossible to have people get their whole paychecks and still have prices go down enough to come even close to covering the 30% FairTax adder.
It could work, maybe, if businesses cut the payroll expenses by the amount that is now going to FICA, but otherwise it is a pipedream.
No, Rob, it is quite possible ... but you don't choose to believe it (and spare me the stuff about "being the first to lead the parade ..." business if someone would just show you). You've tried that before.
Some savings come from reduced compliance costs, some from elimination of embedded tax costs, some from an increased tax base, some from greatly increased economic activity, some from the prebate ... and, oh yes, some caused b capital flows being repatriated back into the US from the offshore locations to which they have fled. Some are even from other sources such incread tax paid by the illegal income sector, cash betting, the sex industry, etc. But of course none of that counts, right??? It's all lies, right???
And, let's see ... your plan is ...???