Tired of reading yours truly on evils of the FairTax? Here is Bruce Bartlett’s newest analysis of the tax that’s anything but fair: “Why the FairTax Won’t Work.” Mr. Bartlett has written a very exhaustive and very thorough critique of the FairTax. Since presidential wannabe Mike Huckabee backs the FairTax, this issue is very relevant. Don’t be fooled because FairTaxers and Ron Paul each want to abolish the income tax. FairTaxers want to replace the trillion dollar income tax with another trillion dollar tax; Ron Paul wants to replace the income tax with nothing.
Source link: http://archive.mises.org/7636/the-tax-thats-anything-but-fair/
The Tax that’s Anything but Fair
Previous post: Best Book on Economics since Human Action