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More on Consumption Tax
Okay, after I wrote about a consumption tax in the abstract, I started searching around to figure out what the Actual Plan is supposed to be.
It's the Fair Tax Act of 2003 (H.R.25).
I haven't read the legislation itself, but I've picked up the gist of it from reading around.
I haven't been very successful searching for cogent arguments against it. … I was going to link to a couple and point out what was wrong with them, but I started doing it and then decided I just don't care to complete the task. If I find something that is worth reading, I'll link to that, instead. That way I'm not wasting my time writing about the bad ones, or yours in reading them.