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It's an idea.
I like it a heck of a lot better than the flat income tax proposed elsewhere on this board, but I believe it's got the same basic drawback - that is, that it's regressive, putting a proportionately higher burden on lower-income workers who are likely to spend near 100% of their income on taxable goods.
Fairtax at least takes steps to address this problem, which flat tax does not. Still, I remain unconvinced that it would really be equitable once it was implemented in a "real world" situation, even taking into account that lower-income people would quickly establish a thriving black market.
All in all, I'm ambivalent on the subject, probably coming down just on the other side of against it, but I congratulate Boortz on a well-thought-out idea and a wonderful marketing job. If you're against Fairtax, it inherently means you support unfair taxation practices, right?
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