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To: ancient_geezer

Yes, I wish Kudlow would have him back for a more extended discussion. Of course, Kudlow said yesterday I think that he supports a flat tax. But he does that because Forbes and Laffer support it, and he's been known to change his mind from time to time.


16 posted on 04/15/2005 5:39:13 PM PDT by n-tres-ted (Remember November!)
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To: n-tres-ted

It was interesting to note Kudlow's reaction when Laffer to him that the two systems were essentially equal in his eyes, LOL. That Laffer could be happy with either.

What I found of interest was Laffer's charactization of the flat tax as an income tax with a sales tax.

That should cause a lot of folks to stop and think about where that tax system is headed and why it has lost alot of support among those who have recognized its character as a wage tax plus subtraction method VAT as it's originators Hall & Rabushka and many other economists as well, describe it.


17 posted on 04/15/2005 6:03:14 PM PDT by ancient_geezer (Don't reform it, Replace it!!)
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