I am not a big fan of Huckabee, but he does deserve credit for mentioning the FAIR Tax. I am somewhat of a fan of the FAIR Tax. The only flaw in the FAIR tax from my perspective is the rebate. If there was no rebate I would be completely fine with it.
There should be a serious debate dedicated to taxes.
Yes, that would be an area politicians could juggle for votes.
Another flaw, if you have a Roth 401k you've already paid tax on it. Now you pay tax on it again?
Another potential flaw. A 22% or so tax on the purchase of a home, new car? Adding that amount to the price of big ticket items would be a deal killer IMO.
Good Point, but let me bring up this point. I support the rebate replacing some 2,000+ poverty aid programs. I don't think the book mentioned this trade-off.