Execpt for the future maniuplation of the prebate, the inclusion/exclusion of certain items from the tax for political reasons, and the raising of lowering of the FairTax rate, and the possible addition of an income tax at a later date as an extra tax, you might be right.
All of a sudden America becomes a big tax haven for business
This analysis is based on the same faulty analysis that told us "Keep 100% of your paycheck, prices will stay the same, and we'll send you a happy check every month". I don't trust it or believe it.
#3. We will be suddenly gaining revenues from illegal immigrants, foreign tourists and diplomats, and all those drugs dealers buying 20 inch rims for their H2's and 300's.(a lot of money from folks who don't pay any taxes now)
That's another mis-represntation, these people are paying the 22-23% embedded costs of our present tax system with every single legal purchase they make now. They are also employing Americans when they buy our stuff which enables Americans to buy more stuff.
We will still not be collecting taxes on their illegal activities just like now.
Listen, I wish it were true too-- it just isn't.
Yes but all of this would become much more visible, it would be harder to hide from the American people than it is now. And IF we succeeded in repealing the Income Tax I just don't see the American people ever allowing it again. (I have been wrong before but only a few times)
All of a sudden America becomes a big tax haven for business
This analysis is based on the same faulty analysis that told us "Keep 100% of your paycheck, prices will stay the same, and we'll send you a happy check every month". I don't trust it or believe it.
Not a good arguement, you get an F on this one.
They are also employing Americans when they buy our stuff which enables Americans to buy more stuff.
I'm not sure what your point is here.