There is nothing new here. I graduated in 1965 in a factory town in Ohio. Those of us that were even semi-comfortable with STEM studies knew we didn't want to endure factories.
So your previous statement about there being 300 million ready to work in factories wasn't just you being wrong, it was a lie?
Well, I see the problem. $25 / hr isn't very damned much
So you say factories need to pay more in order to encourage Americans to work there, while they have not had to do so in other countries. Chinese manufacturing salaries average just over $10k annually and manufacturers are moving to countries with even cheaper labor than that, is the lack of income tax going to make it worth paying more than 5x for wages? Seems wild, show me some numbers.
The net gain is that the collection of the taxes cease to damage prosperity in the USA.
Saying it over and over doesn't make it so, you need to explain how.
Everyone (except maybe the rich) benefit
The rich are the same people that own all these companies you expect to move here, decreasing their income and increasing their expenditures are the same thing. If they're expected to make up for there not being an income tax, why wouldn't they stay somewhere with an income tax instead?
The rich, with their egregious spending (the point of being rich) will get hammered with taxes, but being rich, they won't much care.
Again, these are the same people who run the companies you expect to bring manufacturing back here. If they didn't care about losing money, then the income tax wouldn't discourage them. You can't argue that they'll all come here to save money while saying they won't mind spending way more of it. If you're going to argue they'll reinvest the money when there's no income tax, they already could've done that, there's no reason to think they wouldn't pass on whatever savings there are to their own salaries.
First, US manufacturers relieved of tax liability will be able to lower prices.
Again, no reason to think high level executives will choose this over raising their own salaries. They don't need to lower prices to accommodate the local markets, because as I think you're forgetting, the USA is not the entire world and they can still sell their stuff for the same price everywhere else.
Prices of US goods including the consumption tax are expected to be very close to what they were before the country went to consumption taxes.
Expected by who? You and your libertarian friends? It's nice to dream but you're basing it all on assumptions, even relying on the altruism of the rich.
The 2nd reason is that US workers get to add the sum of the "withholding" and "FICA" boxes on their pay stubs to the remainder of their money for the trip home. They are relieved of these taxes, and so have more money to spend.
But they have to spend more to cover the consumption tax you're pushing, so it's a wash. I know you say the rich will pay more, but the rich are rich because they still have their huge bundles of money. It's the rest of us that spend the majority of what we get, and there is no reason to think that'll change.
Don't quite understand that. With income taxes abolished, nobody, including the Federal Government, cares about your income.
Yes, this is because you are continuing to forget that the USA is not the entire world. If you're an international corporation and there's a safe and secure country where you can pay no taxes and hide all your money from other countries, that's what you do. They don't need to buy anything there, they can live where there are income taxes to cover that stuff and just not pay those since the income is in the USA. It's what they already do in tax havens and that's what you want to turn the USA into, and I don't know why you think that would change.
JFK said of income taxes:
It doesn't matter what anyone SAYS of income taxes, we are all only human and very often wrong. That's not to say you and JFK are definitely wrong, only that you need to present some supporting evidence and you haven't presented any. At all. You assume quite a bit about what would happen after removing income taxes, and much of that runs contrary to what we observe already in the world. You have this weird idea that the rich will move their factories here because there's no income tax, but they won't mind paying the lion's share of that tax out of their own pocket as a consumption tax. That's downright crazy.
I like the idea of not paying an income tax, but you haven't made any real case for it. You make a lot of sweeping statements, and it'd be cool if they're all true, but they're not really based on anything but what you want to be true. I think the root of the problem is that you're speaking as though factories are independent entities with a will of their own and not subject to the desires of their owners. But that isn't true, factory owners will do what's best for themselves, not necessarily the factory itself. It's no different than the case for pure socialism or communism, a long list of reasons why it'd work out great that ignores reality.