I assume participation in this discussion should include a reading of "The Fair Tax Book" by Neal Boortz?
It's a good, comprehensive read and IMO, a beta rollout using US military personnel to get the kinks out would make all the sense in the world.
Couple a flat tax with a tax credit for investing in US Treasuries and we solve the Chinese problem as well while keeping the yield from debt service here at home.
The economies of Eastern Europe should be proof enough:
http://www.fairtaxblog.com/20050914/...astern-europe/
Can someone just get on this right away, please?