Laurence Vance is a contributor to two of my favorite websites: Lewrockwell.com and Mises.org. In the last few years, we have seen a resurgence of thought concerning the abolition of the current taxing system in the US. One proposal (endorsed by presidential candidate Mike Huckabee) is the FairTax plan. a The FairTax is “a proposal to replace the current system of federal income taxes, corporate taxes, Social Security and Medicare taxes, capital gains taxes, gift taxes, and estate taxes with a national sales tax on new goods and services that does not reduce the government’s overall tax revenue.” b Regardless of the current endorsement of “conservative” leaders for the FairTax, many still find it dangerous and working against the very principle it seeks to pursue: The Abolishment of the IRS. In this article Vance reviews the popular FairTax book written by Neal Boortz and John Linder. He concludes by offering 17 problems with the FairTax. A worthy read.
- At this point, I am continually looking at the different perspectives, though the Austrian School is always more appealing. It is one thing to offer a solution, but to offer a solution so that then we can achieve our goal strikes me as a serious compromise. The libertarian, particularly the Christian libertarian view, believes that any government coercion is breaking God’s eighth commandment (back)
- There is no such thing as a FairTax by Laurence Vance (back)
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