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Flat Tax or Fair Tax?

jmccune Wrote: Jan 31, 2013 7:38 PM

(for instance, is a $100 pair of jeans a "necessity when I can get a $20 pair?) Mike, this is the beauty of the prebate, every household gets a prebate according to family size, regardless of income or wealth. It allows each individual, not some government beaurocrat, to decide what their basic necessities are. Yours may be rent and food, mine may be cigarettes and beer. That's what makes it the FairTax.

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Flat Tax or Fair Tax?

I’m at Hillsdale College in Michigan for a conference on taxation. The event is called “The Federal Income Tax: A Centenary Consideration,” though I would have called it something like “100 Years of Misery from the IRS.”

I’m glad to be here, both because Hillsdale proudly refuses to take government money (which would mean being ensnared by government rules) and also because I’ve heard superb speeches by scholars such as Amity Shlaes (author of The Forgotten Man, as well as a

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