I haven't gone through this entire thread - but FairTax sounds *exactly* like our GST (goods & services tax) here in Australia - sitting at 10%.
It works well enough as a tax, but its NO single-shot solution for everything.
I love tax brackets, and think that the richer should pay more proportional tax. And that extreme low-income earners, deserve to be tax free (to some level).
One of the other elements of our GST, is that *all* tourists pay it - and it has definitely lessened our competitiveness as a tourist destination.
...
I also don't know about used items not carrying the tax. It seems like an obvious loophole to me.
The other issue is import companies - anyone who can import the same goods basically get it tax free, unless that is somehow covered as well (claim its an import of a used item?).
Gesta Non Verba
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