It would be lower, but it would not go away. I can see perhaps $100 billion in savings.
It would take a lot of the reason for illegal immigration away.
Cheap labor under either system is still attractive.
It does a lot of good.
It does some good mostly in the form of making our exports cheaper and our imports more expensive which would be positive for our trade balance but negative for our consumer.
It would make everyone a tax payer.
No more so then the current code. If you believe the assumptions of the fairtaxers, everyone is already paying the embedded tax when they buy the products. But under the fairtax everyone is getting a monthly $500 check for the family consumption allowance, which would make it by far the biggest welfare department ever created.
Everyone would start being more aware of how much tax they pay and they would feel like they are helping to pay for things and might make more informed decisions at the poles.
Everyone would want a bigger monthly rebate check.
"-- It would take a lot of the reason for illegal immigration away. It would make everyone a tax payer. --"
'Always' wrongly replies:
No more so then the current code.
Wrong.. -- Illegals pay very little under the 'current code'. -- Everything they bought would be taxed under the fair tax, as you know.
--- under the fairtax everyone is getting a monthly $500 check for the family consumption allowance,
Wrong. -- Illegals would ~not~ get an allowance check, as you well know.
which would make it by far the biggest welfare department ever created.
Welfare is a fact of life. -- Perhaps this aspect of the fair tax would lead to a genuine nationwide reform in how we structure the whole mess. -- All of the State & local welfare schemes could be incorporated into the 'rebate' allowance.
As you know Rightie, the prebate is a reefund of tax paid not "welgfare" in any respect. No more so that your April 15 tax refund from the IRS.
Why post such nonsense? Are you eager to be observed as a fool or a fraud???