It's a marvelous and excellent concept when practiced on a level playing field, such as the common set of laws and regulations defined by the jurisdictional boundaries of our Constitution.
Other than that, I'm not very fond of the prospect of "competeing" with Chinese wages and benefits. That giant sucking sound is like an enormous economic black hole.
Restore liberty.
Restore personal and business privacy.
End the hidden nature of most of the current system.
Bring all the various taxes into ONE TAX that is transparent and visible.
Leave only one tax debate left in DC---what is the rate?
Unify all Americans in one goal---reducing the rate by cutting unconstitutional, outside the enumerated powers, spending.
Create true campaign finance reform by ending the world's largest protection racket (ask Bill Gates what happens when you don't pony up).
Remove the huge tax and compliance burden on American businesses, making them finally more competitive than anyone else in the world market.
End the competitive advantage enjoyed in our own markets by foreign producers (they now bear none of the burdens built into their products caused by tax and compliance costs)...making them pay the cost of competing in our markets by being taxed at the point of sale.
Vastly increase savings and capital formation (which are the foundation stones of productivity and prosperity).
Reverse our huge trade deficits, and bring tons of capital and high-paying jobs back to our shores.
Reempower the States, since it is they who would be collecting this tax rather than the IRS (All but a few of the states already have a simple nonintrusive structure in place for collections).
Etc., Etc, Etc.....
I have said for years that if I could accomplish any single thing through my political activism that would guarantee the future freedom and prosperity of my children and grandchildren, this would be it!
EV