Quote Originally Posted by ironchef
With the FairTax those decisions are left up to the individual people, not the government. Say some billionaire wants to buy a $30,000,000 yacht, well 23% or $6,900,000 is going to go to the government. So of course hes going to be paying more instead of the guy who just bought a $15,000 Civic and only paid $3450 in taxes. But it was his choice to do that. He wasn't forced to be taxed at 39% (highest tax bracket under Obama) regarddless of if he bought the yacht or not.

Obviously the billionaire would go buy the yacht in another country. To make up for things like this the government would either try to discourage international trade by raising import/export tariffs and regulations to the extreme (wait a second I thought the government was supposed to have less power under the Fairtax?), or raise the estimated 23% universal sales tax to a figure that is actually reasonable...