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Flat Tax or Fair Tax?

jmccune Wrote: Jan 31, 2013 7:56 PM
Sean, the FairTax, as written, taxes all things, and everyone, equally. The prebate is sent to all households according to family size, regardless of income or wealth, to cover the basic necessities. The beauty of the prebate is that it allows the individual to determine what their basic necessities are rather than some hack in Washington DC.

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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