I like Huckabee's ideas too, but I just don't see how it could ever work, for many reasons.
1. He'd have to get bills passed to make this law go into effect. Is there going to be a period of time in which there are income/capital gains/corporate/death taxes AND this value added tax? How much time?
2. What is he gets the value added tax into law, but can't get the other taxes eliminated? What happens then? Are we just paying out the a** for things?
3. Let's say he does get the fair tax in and eliminates the other taxes. What is stopping a future president from bringing back income taxes and other taxes ON TOP of current taxes?? We'd be screwed!
4. Big One. What is going to happen to the IRS and all those employees? What about tax accountants? CPA's, auditors, employees for those compainies? H&R Block, Jackson Prewitt, Ernst & Young? All these people and business stands to lose everything.
On paper I think it's a great idea, but I'd be willing to bet if Huckabee does get elected that his fair tax plan will never become law.