The Fair Tax will cause a depression

This person has it mostly wrong. The fair tax will be a disaster and he proves my point.

“Finally, remember that under the Fair Tax, you and I get a choice as to
when we get taxed. If we choose to save our money or buy a used item instead of a new one, there is no tax. If you buy a less expensive item, it has a lower amount of tax. Buying used clothing, used cars, used furniture, etc. can help the elderly avoid taxes in many instances as well. Many already make such frugal choices as it is and the fair tax would reward that.”

If people made the choice to buy used items or not buy at all their would be a massive depression in the US. Many people who choose to buy will buy from a black or gray market and the government would get nothing.

23 percent is really 30 percent if you do the math correctly and that will not even cover it. Now put state and local sales taxes on top of that 30 percent and you are talking about a 40 percent tax on everything you purchase. Like I said the Fair Tax is a recipe for a depression. Imagine buying a house, car, pill, groceries or anything else that suddenly costs 40 percent more.