Will another country implement the FairTax before the USA?
It seems the FairTax is getting some deep thought in other parts of the world. This will not be good for the USA if it happens. Why? The FairTax removes all corporate taxes leaving corporations more opportunity to make more money on the products they produce. Another reason, the FairTax is a job producer. When you cut corporate taxes companies will move their manufacturers to where corporate taxes (along with other considerations) are lowest.
Not only does the FairTax cut corporate taxes, but it cuts income taxes. Instantly creating a stimulus, since workers will have more money in their pockets to spend or pay down bills. Either way the FairTax is a win win for the first country that adopts it.
This is not the first time a country has thought about the fairtax. Some years ago apparently a candidate for a political race in Brazil contacted Neal Boortz, the other of the FairTax books, and asked him to teach him more about this tax reform. The candidate wanted to run on a platform promoting a good tax reform. Neal simply told him no, as Neal and others know that if the USA can get this tax reform as law it will put our country back on track to producing goods cheaply and putting more money into Americans pockets.
I hope Congress is watching and listening. They all know we need tax reform but are too immature to tackle the problem. Even the GOP is disappointing and difficult to stand with. Will there ever be a party that stands for true American values? Values that our founding fathers would find fair and worthy to be laws? I hope the day is coming soon.