Quote:I'll look again though I'm sure there are different variations of it.

 

Full disclosure.

 

In my original post, I linked to the actual bill in Congress.  The Fair Tax dot Org website is an activist site.

 

That being said, the idea is a good one for citizens, but not a good one for politicians.  It gives power to consumers and takes power away from government.  If you are a middle class consumer and want to lower your tax bill, then don't buy new stuff.  If you don't really care, buy that new car or new fancy furniture or new cell phone, television, game console, etc..

 

How do you balance the difference between the "rich" and the "poor"?  Tax them on what they spend rather than tax them on what they earn.

---