Quote Originally Posted by plv View Post
Damn dude you didnt have to write all that, lol. I thought you were a finance major, not econ haha. But it does make sense on paper, I think I'm going to read the book on the fair tax to see what else it addresses. What they do with the tax revenues is a whole different issue though, we definitely need a reform on that too.

business econ/finance majors. honestly i dont quite see the capabilities of the Fair Tax to generate more tax revenues.... possibly in the long run because it will stimulate a larger growth rate, thus greater GDP/capita, thus more tax revenue is collected is a shorter period of time. That's about the only argument that could plausibly defend fair tax revenues as being larger than a traditional income tax. None the less, the simple answer to -3.74 or w/e to G, is cut spending by equal amount (hell... even more... we already have a large enough national debt. Do you think its about time we start paying on it?).