Quote Originally Posted by LittleGrizzly View Post
How about people simply working in the US and then spending thier money elsewhere ?

A billionaire could simply work in the US (though to be honest he doesn't actually need to be on US soil) and live in monaco or canada or anywhere, he would earn untaxed money in america and spend it somewhere else...

And then secondly someone could just goto the US work for a few years, save like crazy and take his money home... there are ways around the system...

Also the black market could simply send its money abroad, so that money isn't nessecarily going to stay in the US to be taxed, to be honest this isn't my biggest problem with the fair tax, just the more obvious one...
You would almost have to track income VS expenditures and tax all purchases.