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The article also failed to mention that, in the case of an NRST, Donnie and Suzie could buy an ALREADY EXISTING house and pay ZERO TAX on it. They'd make out far better than under the current system, where you can only write the interest off. So, they don't buy a NEW house. Well, gee whiz...we already know that new construction costs a premium; how many young couples can afford them as it is? Besides, does anyone think that developers will just sit by and watch people flock to existing construction? Of course not; they want to sell houses. They'll immeiately start trying to get their costs down to stay competitive.

Same for cars. Perhaps Donnie and Suzie should buy a two-year lease return instead of a new car. I'd consider that good advice in any case, and it's even better advice under the FairTax, since they'd pay zero tax on it. Automakers would likely have to lower the price of new cars to remain competitive.

John and Jane? Excuse me, but where does it make sense to stretch yourself such that you're spending everything you make? Doesn't anyone else think that's imprudent, dangerous even? The FairTax encourages saving and investing. It encourages building a nest egg instead of blowing it on expensive cars or buying beyond your means. Isn't this a good thing?

"The article also failed to mention that, in the case of an NRST, Donnie and Suzie could buy an ALREADY EXISTING house and pay ZERO TAX on it."..........."They'll {new home builders} immeiately start trying to get their costs down to stay competitive.

"Perhaps Donnie and Suzie should buy a two-year lease return instead of a new car."........"Automakers would likely have to lower the price of new cars to remain competitive.

Excuse me, but where does it make sense to stretch yourself such that you're spending everything you make? Doesn't anyone else think that's imprudent, dangerous even? The FairTax encourages saving and investing.
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WC, Just more social engineering in another tax code. Socialism in a word. And, due to the "unintended{?} consequences} of most social engineering, the prices of godgov's "choice" things that people might buy would necessarily go up due to the first rule of economics. supply and demand. Of course, godgov will probably step in and control those increases. Folks are getting all over me about "what might happen", while informing me of things that might happenunder their favored plan. Hilarious. Peace and love, George.