Argh, I’m surprised PS that you’re getting suckered by the fairtax pabalum. This stuff is junk.

Let’s look at the basic impact of only paying tax on new items. Yep, used items don’t pay tax. Since this is a housing forum. Care to think through what hapens to

A) San Diego home prices when the Fair Tax goes into effect.
B) New housing development when the tax goes into effect.

Joe Middle class, with his mortgage, two kids and child tax credit thinks he’s over taxed, gobbles this stuff up being sold it’s fair and has no clue, he’s going to pay more.