Greenspan Touts Idea of a Consumption Tax

ABC News/AP ^ | March 3, 2005 | JEANNINE AVERSA

[FairOpinion]

WASHINGTON Mar 3, 2005 — Federal Reserve Chairman Alan Greenspan on Thursday embraced the notion of overhauling the nation's tax system and said that some form of a consumption tax such as a national sales tax could spur greater economic growth.

"As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth particularly if one were designing a tax system from scratch because a consumption tax is likely to encourage saving and capital formation," Greenspan said.

[groanup]

I would say that rather than read ll's cut and paste propoganda you take the time to read the link he posted:

http://waysandmeans.house.gov/legacy.asp?file=legacy/fullcomm/106cong/4-11-00/4-11kotl.htm

[lewislynn]

I would say that rather than read ll's cut and paste propoganda you take the time to read the link he posted:

You posted an article by Kotlikoff, now you're suggesting some of his testimony is "propaganda" that shouldn't be seen?...It might be considered propaganda if I hadn't posted a link. Or maybe you don't know the meaning of the word.

You can try to make me sound sinister or try and shoot the messenger but that's why I posted the link, so anyone who wants to can read it.

Speaking of links and propaganda, do you have a link to your quotes of the comments made by Linder regarding "recently speaking to corporations about moving their operations to the US". Or the comment about having agreements with corporations about lowering their prices...most recently WalMart...I'd really like to see the verification and transcripts of those comments...

That's no more than you require of me.

[Zon]

Millions of people will be laid off. 

The economy will spiral into depression 

They sky is falling. 

It's worse to defend oneself from physical assault than to speak an insult to a person.

;>)

[phil_will1]

"It looks like someone told Kotlikoff the fairtax repeals state taxes too..."

I was wondering when I saw that post how long it would be before Louie attacked Dr. Kotlikoff. Anyone saying anything favorable about the FairTax is fair game. I wonder why he spared Chairman Greenspan (so far). It must have been because he only mentioned consumption taxes generically and not the FairTax specifically.

[groanup]

"Speaking of links and propaganda, do you have a link to your quotes of the comments made by Linder regarding "recently speaking to corporations about moving their operations to the US". Or the comment about having agreements with corporations about lowering their prices...most recently WalMart...I'd really like to see the verification and transcripts of those comments..." Posted several days ago.

http://boortz.com/more/022505_power_lunch_audio.html

[lewislynn]

Anyone saying anything favorable about the FairTax is fair game.

So saying the fairtax repeals state taxes, which is a lie is favorable fairtax speak...

In other words (as I've always known) lying is favorable to you and your cubicle friends there at Fairtax headquarters as long as it makes you look good.