the FairTax is only part of the solution

Reader comment on: The Case Against a VAT

Submitted by MIKE MILLARD (United States), Feb 27, 2010 10:59

Sir,

I read your article. Good points but you are missing a few items. We need to...

1. Enact the FairTax

2. Repeal the 16th amendment

3. Add a "Balanced Budget" amendment

4. Add a "Line Item Veto" amendment.

Then you would no longer have to worry about our financial problems. No more "income" taxes. No more reckless spending. No more "pork" spending.

However, the BIGGEST reason to do all of the above... the USA would become a business MAGNET ! Companies from all over the world would want to move here and setup shops, and our wealth creation facilities would explode. The GDP would be in double digits permanently! A high GDP would life ALL boats. Everyone would prosper!

QED

Mike Millard

Note: Comments are moderated by the editor and are subject to editing.