I'm reading the fair tax page...specifically the FAQ section. Some issues it raises.

1. I could potentially see this generating even some extra income, since all of the tourists that come to the US would be subject to this consumption tax, where they are not taxed by us now. By the same token, this could cause some of those countries to get upset with us and/or reduce tourism in the US. I wouldn't be excited about being taxed at 23% in another country after already paying my income taxes over here.

2. At one point it said taxes on food and such aren't exempt to prevent loopholes from being developed later, but then it goes on to say in #12 "money to build job-creating factories, finance research and development to create new products, or fund charitable activities " isn't this the type of exemption they were trying to avoid.

Ok number 12 in the list is as far as I've made it. I've got to get back to work...I'll have to read the rest later and add another post if needed.