[phil_will1]

"There is one consideration to the fair tax: Initially, people won't spend so much. But as they save, they will start spending."

Consumption may decline initially, but it (the decline)will be comprised solely of imports. Therefore, we get two beneficial economic effects
1. higher savings rate,
2. more demand for US produced goods

[goldstategop]

Exactly. And the lack of a complicated income tax will be the biggest selling point for foreign investors. More jobs created here at home and because U.S companies no longer pay income, payroll and medicare taxes, it should mean U.S goods sold abroad can be priced lower. That should help our trade balance overseas. They are so many advantages to be fair tax, once we get one, people will look back and wonder how we put up with the income tax all that time.

(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)