"Not true. The NRST does absolutely nothing to reduce the federal regulatory bureaucracy (OSHA, EPA, etc.) that place our productive natural resources economicly off limits. Nor does it institute tort reform to end frivolous employee/employer lawsuits that plague our domestic businesses."
Nor does it eliminate dandruff or high cholesterol.
It merely eliminates the disadvantage that the current system places on US production by imbedding the cost of our tax system in our goods. It taxes imports the same way that we tax our own goods - which is to eliminate an enormous bias in our current system in favor of foreign producers.
Willie is correct, of course, in the sense that the FairTax is a tax reform proposal and, as such, doesn't fix everything that is wrong with our federal laws. It isn't a panacea, only the best tax reform proposal to come along.
There is no such thing as "imbedded" cost.
That is a marxist concept that wrongly assumes that companies merely "pass along" all costs and expenses to the consumer.
It is made worse by the false assumption that corporate income taxes are a "cost" when they are actually a confiscation of a portion of the profits (if any) that can only be calculated AFTER costs have been subtracted from revenues.
The "imbedded" arguement is based on absolutely bogus and fallacious theory.