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Message:: [QUOTE="yakpoo, post: 1085663, member: 18157"]The problem I see with tariffs is that they are generally prohibited in most free trade agreements; they're considered an unfair tax levied on foreign goods for the benefit of domestic goods. I lived in Korea for a few years and their government is primarily financed by a pure consumption tax; the more you spend, the more tax you pay. The comsumption tax is applied to all goods, imports and domestics...making domesically produced goods more competitive.  I've heard the Democrats talking about adding a Value Added Tax (VAT) when the discussion of the Fair Tax comes up, but they want a VAT tax in addition to the Income Tax. The Fair Tax will only be work if it replaces the Income Tax...(imho). Wealthy people and Corporations will still pay the most and the "prebate" ensures that lower income earners pay no tax at all. The best part is that there is no more withholding or filing of income tax returns! ...Freedom and Liberty at last!![/QUOTE]