No. of Recommendations: 0
Another reason to support a complete overhaul of our tax system and go to the FairTax plan. As proposed, it is designed to be industry neutral. Companies compete on their merits rather than on how well they can game the current tax system.

So much for companies, I agree.

Still, there's a lot of good that a flexible tax system can do. For example, if you are concerned about the long-term viability of our energy system or our food supply, it would make sense to penalize harmful practices. Less harmful often can not compete, not because they are intrinsically less efficient, but mostly because we are locked into existing distribution and production networks and technologies....held hostage by the past. Maybe the tax system shouldn't be used for that purpose, but it seems a convenient vehicle.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.