Horrible idea. Horribly recession-prone for starters, and will be much more difficult to enforce (collect) than the current system.
And the source of your profound insight would be?
Dead wrong on both counts.
Read Federalist 21 by Alexander Hamilton. Consumption taxes are self-leveling, like a fluid in nature.
And the retail tax is a breeze to collect compared to the income tax. 46 states already have the mechanism in place, and the vast majority of sales taxes are collected by retail operations at their cash registers. All that is needed is a simple recalibration of those machines. Piece of cake.
Educate yourself before you speak.
You are absolutely correct. I salute you sir!
Recession probe??? Then why has every economist who has reviewed the plan agreed that it would be economically beneficial and help bring about an improved climate of savings?
Also, you must not be aware of the evasion that goes on at present in the form of the illegal economy (drug dealers, illegal aliens, etc.) who will help out with tax "contributions" under the FairTax when they buy things at retail whereas they're basically a big zero right now. In addition the costs of compliance with the FairTax are dramatically lessened - being basically zero for almost all taxpayers.
It's actually an excellent idea.
Why? Retailers already collect sales taxes for states and cities.