There Is Still No Such Thing As a Fair Tax (Laurence Vance)

Laurence Vance on the disastrous, so-called "FairTax" being pushed by Neal Boortz, Mike Huckabee, and many others:

As a critic of the national retail sales tax plan known as the FairTax, I take Neal Boortz's new book on the FairTax very personally. The book is titled FairTax: The Truth: Answering the Critics. It is intended to be a sequel to The FairTax Book, published in 2005, that offers "eye-opening new insights not covered in the original book."

Boortz is right. There are some eye-opening new insights unique to this sequel. Like the disclosure that you might "owe more in taxes in the first year of a FairTax system than you do today." Or the admission that "the FairTax could be even more progressive than our current system." Or the confession that the "implementation of the FairTax doesn't mean complete annihilation of the IRS." Or the proposal that "a procedure should be set up in the Treasury Department to collect taxes on Internet and catalog sales, remitting the state and local governments' share to them."

Read the rest