14 Ağustos 2005 Pazar

Pay Attention: A Fair Tax for America

The book on a national consumption-based tax to replace the income tax is out, and it is #1 on the New York Times bestseller list. The new book is by Congressman John Linder—sponsor of fair tax legislation—and Atlanta-based syndicated radio guy Neal Boortz.

We’ve talked about the fair tax a few times this year, here, here, and here.

The proposed change would be an enormous boost for America and it would be remarkably fair to individuals at all parts of the socio-economic spectrum. But it would put a lot of lobbyists out of work, so it is going to continue to face great opposition.

Boortz is on a huge book tour, and surprisingly the idea seems to be gaining some steam, at least among real people. We’ll see what it does in Congress.

--James Jewell

1 yorum:

  1. The FairTax would create a universal, explicit, and large tax penalty on those unable to buy a home. It would redistribute many billions of dollars upward from renters to homeowners. While homeownership would increase - rational renters will scramble to buy homes under this tax - it will also create a permanent underclass of renters paying a steep tax penalty for the privilege of renting the roof over their head. The FairTax will create Two Americas.

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