Tuesday, December 11, 2007

Welcome to the supply-side, Whoopi!

How true! This is one of the reasons (but not the only one) that I am a fan of the "Fair Tax". It is always a bad idea to tax earnings, investments and savings. It is much more fair to tax consumption. Have no or a low rate on "necessities of life" like food and a flat rate on everything else. In the case of the Fair Tax, this is resolved via a pre-bait on what you would be expected to spend on necessity taxes.

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