>>>> Really? What the hell is a PREBATE? >>>
It is probably the most confusing part of the Fair Tax, which cannot be explained in a short post. The book explaining it is rather short, and if you really want to know how it works, it is cheap and quick and worth the read. Then decide.
I will say this: while I have mixed feelings on the Fair Tax, 99.9% of the drive by comments about it are based in ignorance of how it works. Is it perfect? No. Then again, it is a heckuva lot better than what we have now.
I agree with the Fair Tax. I also agree that it is not perfect. My problem, and one of the very few, is that Cain went into this in a short answer debate. No way to sell a fantastic idea. That is why I defended Rick on his answers when the obvious winner threw out this garbage answer.