The Fair Plan Is the Tax That Will Not Die
Rep. John Linder (R-GA) has retired from Congress and radio talk show host Neal Boortz has been silent for years, but their tax plan just will not die.
Writing in the New York Sun, billionaire businessman and Republican Party donor John W. Childs makes the case for replacing the current income tax system with a national sales tax. He writes:
There is a better way—replace the entire income tax monstrosity with a national consumption tax, i.e. a national sales tax. Let Walmart and Amazon be the tax collectors. Odds are they will be vastly more efficient than the IRS, which at this point can’t even return the phone calls of bewildered taxpayers. All retailers already perform sales tax collection services for state governments. So it is hardly a leap of faith to ask them to do it for the Feds.
For years Representative Linder introduced FairTax legislation in Congress to institute a national sales tax on the final sale of all goods and services that would replace the personal and corporate income tax, estate tax, gift tax, unemployment tax, Social Security tax, and Medicare tax.
On his radio program and in a series of books (which I have reviewed here, here, and here), Boortz touted the benefits of the FairTax. Although it would tax home sales and heart surgeries at a rate of about 30 percent, and institute a new welfare program to reimburse each household for the national sales tax paid on basic necessities, the FairTax would, supposedly, be better than the current system, cause the prices of goo
Article from Mises Wire
