Fairtax Power Radio

For decades, economists have been saying that taxing income and production is much more harmful to an economy than taxing consumption. Still, the politicians insist on keeping the income tax system even though there’s a much fairer, much more efficient, and much less harmful way to collect the revenue that the government needs to operate.This week, the FAIRtax Guys start a two part series on how the FAIRtax will benefit the economy. They start by looking at a 2006 study by Arduin, Laffer and Moore. The numbers may be a bit outdated, but the economic conclusions are still valid.