The Bahamas have "fair tax". The way it works is you have 2 taxes. Sales taxes, and import taxes. Import taxes are 75% of the price of the import, so if you buy a car for $10K, you really pay $17.5K. And sales taxes are usually about 35%, not 23%. What happens is that most people go back to a bartering system, and the economy moves very slowly (compared to what we have here).

For example, in the Bahmas, most people don't buy a house, they buy a lot of land (obviously costs a lot less, so less taxes), then they trade out services to get the slab poured, then the blocks set, etc. It usually takes them years to get the house done.

When looking at changing an economic system, you have to look at other systems and see the ramifications that the choices have. Boortz does NOT have experience in that, so I would NOT listen to him on this idea.

Our country would be inserious trouble with out massive amount of debt IF the economy was slowed down significantly as it would be through the changing of our current tax process. Our trade deficit would put us into the status of a bankrupt government, similar to Argentina.