[roaddog727]

23%?

A bit excessive. Consumptio, other than essential articles would fall off significantly and hurts the folks most in need of tax relief - the low to ultra-low income earners.

The law of un-intended consequences would take hold in a HUGH and SERIES way.

[Principled]

Consumption may drop initially, but not because of lower purchasing power [folks will actually have more purchasing power] - it'll be because folks will be freakin' shocked at what portion of their money goes to taxes.

Notwithstanding a reduction in spending, the economic picture for an nrst is great - if that money isn't spent, where is it?

Traditionally US folks think spending is the only way to stimulate economic growth - not so.