"Human capital formation would collapse under a Fair Tax scheme. Can you imagine having to borrow ANOTHER 30% to pay for college? At 30 grand a year this would be another 10 and further lengthen the payback for loans."
The FairTax does NOT tax education expenses. Because of that, education expenditures are made with PRE-TAX dollars, which is a huge advantage over the current system.
All you guardians of the status quo should get together and get your paranoias in alignment.
Are you saying that ALL education expenses are untaxed? AND that this is a simplification? LoL impossible.
Paranoia is an irrational fear. My concerns may be mistaken but they are hardly irrational.
Implementation of Theoreticians' ideas rarely works as designed or intended. And this is totally theoretical.