Skip to comments.Time Magazine: The Fair Tax has its moment in the sun
Posted on 01/08/2008 1:09:10 PM PST by Man50D
click here to read article
I think the biggest downfall of the Fair Tax would be the creation of an underground economy. With a high tax on goods, goods will seek the no tax alternative. With today’s sales taxes imposed by states, the rate is not high enough to force that. I buy many items via the Internet just to avoid sales taxes. With the FT that will be multiplied many times.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.