Robert Baty shared this article on my timeline, but Im highlighting it again. This is Peter J. Reillys take on FAIR Tax, and based on what I know of taxation, Reilly hits the nail on the head. I have always supported a simplification of the federal (and the states) tax code, but gutting-and-replacing it is a recipe for disaster, and Reilly does a great job of showing how this disaster would look, both on paper and in the real world. Look, no one wants to pay more in taxes than they have to, but there are certain things that have to be funded. Like the military. Like schools. Like the Smithsonian. Oh, and I guess we could include Congessional franking privileges in there, too. This doesnt have anything to do with where our spending priorities might be, this has to do with that fact that there ARE spending priorities. (What those priorities are is a different discussion.) I do not, and never have, supported FAIR Tax, because even though it sounds good on the surface, its not. Its just not. As Reilly points out, it would actually INCREASE expenditures, not decrease them. forbes/sites/peterjreilly/2014/08/06/fair-tax-abolishes-irs-then-what/ (Great article, Robert!)
Posted on: Thu, 07 Aug 2014 05:04:20 +0000
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