Economic growth will be stimulated from "summary" of The Fair Tax Book by Neal Boortz,John Linder
The Fair Tax plan proposes a fundamental restructuring of our tax system - eliminating income taxes and replacing them with a national sales tax. This shift would result in a significant increase in consumer purchasing power, as individuals would no longer have to pay income taxes on their earnings. With more money in their pockets, consumers would be more inclined to spend, leading to a boost in overall economic activity. As consumers increase their spending, businesses would experience a surge in demand for goods and services. This heightened demand would necessitate an increase in production and hiring, thereby creating more jobs and reducing unemployment rates. In turn, the increase in employment opportunities would further stimulate economic growth, as more individuals would have disposable income to spend. ...
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