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https://boards.fool.com/it-relies-on-a-lot-of-untested-assumptions-30288230.aspx
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| Subject: Re: FairTax | Date: 9/28/2012 9:56 AM | |
| Author: TMFPMarti | Number: 116704 of 129524 | |
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It relies on a lot of untested assumptions regarding its revenue neutrality. It also relies on the false premise that tax reform must be revenue neutral. That may be a political requirement for passage, but there's no other need for neutrality. It seems to me that if you want to debate the merits of two systems, e.g., Fair Tax vs. existing, you have to have the same revenue from both systems for the sake of discussion. Otherwise you're mixing spending policy with taxing policy. Phil Rule Your Retirement Home Fool |
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