What economic changes come at the retail level with the MI FairTax?
Our baby boom generation has been trained to spend money before inflation eats it up or savings are taxed away. This group, for good or evil, will likely spend their initial pay raise. Others will recognize the advantages of savings and investment. There will be a whole new round of home refinancing. There will likely be a lot of interest in the actual cost of the state government when consumers see their most recent contribution at the bottom of each retail receipt.
