[phil_will1]

"Of course, the foreign TV or furniture or whatever will go up almost 30% overnight."

We currently have a tax system which is biased toward foreign producers at the expense of our own producers. The FairTax would put them all on a level playing field. It sounds like you have a problem with that. Why do you object to creating millions of good paying jobs here in the USA?

[RobFromGa]

We currently have a tax system which is biased toward foreign producers at the expense of our own producers. The FairTax would put them all on a level playing field. It sounds like you have a problem with that. Why do you object to creating millions of good paying jobs here in the USA?

I was simply making the observation. I was not debating the merits of foreign goods going up 30%. Since I believe that domestic goods are going to go up almost 20%, the relative difference is not so great.

I do think that oil and gas (imported) could be a problem because they are a cost that goes into many things.

[ancient_geezer]

OOPs, lets try that again and get the image URL right this time :O/

We currently have a tax system which is biased toward foreign producers at the expense of our own producers.

Yep, as long as domestic manufacture is operating at a competitive disadvantage in relation to foreign imports which do not have the long U.S. supply lines with accumulative layers of income/payroll tax costs built in we can expect the world to continue to just keep spinning it same old s't, and folks blaming domestic businesses for problems created in Congress through any federal income/payroll tax system which by nature can be neither border neutral nor adjustable.

 

 

According to many economists, trade imbalances such as above are supposed to be corrected through the monetary exchange rates. Sure doesn't look to be happening above.

A retail sales tax only system operates as a tariff in bringing import prices more in line with domestic goods shifting consumers more to our own manufacture, encouraging growth of industry in the U.S., rather than acting as a disincentive to domestic manufacturing and our capacity to compete world wide.