[ancient_geezer]

Prices won't come down with a VAT;

So true, as a VAT is imposed on every level of production from raw materials to final sale of product.

 

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Fortunately a retail sales tax is levied only on the final product and not on all manufacturing stages to get it there. Thus business operates more efficiently at lower costs, and no taxation allowing final retail product pricing to fall.

That is the inherent advantage of implementing a "Retail" sales tax over a VAT.

The FairTax legislation, H.R.25 implements a pure "Retail" sales tax, and is imposed only at final retail sales and not on purchases for business purpose. Manufacturing and businesses providing service to other businesses are not taxed under the FairTax legislation. Only final consumer products are taxed and then only once under H.R.25.

[nopardons]

You're telling my that new products, bought by companies, are exempt from the VAT/"fair tax"? WHY? Shouldn't they be paying their FAIR TAX too? If not, then how is it "fair"?

And why do you believe that the "fair tax" wouldn't be added to the things you now claim are exempt?

I can go on and on....why haven't you thought of these queries before? :-)