Fair Tax, Flawed Tax
26th August 2007
Read it. An argument worth having. There are a lot of consumption tax fans out there; Bruce Bartlett takes ’em on.
The only good point I can see to a consumption tax is that it puts what you’re paying right in your face.
The bad points all cluster around the fact that it, too, will be a political football like the current tax code, with legislators carving out special favors for their favorite sob-story minority, untill (like the current system) the Crust and the Yobs pay nothing, while the productive middle class shoulders the entire burden.