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
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!
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Other reader comments on this item
|sales tax [53 words]||dominick||Feb 28, 2010 08:41|
|⇒ the FairTax is only part of the solution [123 words]||MIKE MILLARD||Feb 27, 2010 10:59|
|VAT [104 words]||sayre||Feb 26, 2010 22:44|
|Estate tax [84 words]||ben||Feb 26, 2010 15:20|
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