May 15, 2014
WHICH IS IDIOTIC:
I Will Support The Fair Tax When Its Backers Tell The Truth (Jeffrey Dorfman, 5/15/14, Forbes)
The Fair Tax is a proposed alternative federal tax system that would replace all current federal taxes--income, payroll, and corporate--with a new consumption (or sales) tax to be collected on all new items purchased. While such a consumption tax has much to recommend it from an economic point of view (better incentives, fewer distortions), I cannot support the Fair Tax as long as its backers continue to make implausible claims for their proposed reform.
When you think rhetoric trumps policy you are unserious.Posted by Orrin Judd at May 15, 2014 3:41 PM