Sounds alot like ‘tax cuts increase goverment revenues’, doesn’t it? Yet it is a fact.
Do you know why tax cuts work to increase revenues to the government? Because if you understand this then you will have an idea for how the FairTax works.
>>Do you know why tax cuts work to increase revenues to the government? Because if you understand this then you will have an idea for how the FairTax works.<<
That’s one of those things that will have to work one time before I believe it - so far all it gets us deeper in debt and more beholden to the Chinese.
Sounds alot like ‘tax cuts increase goverment revenues’, doesn’t it? Yet it is a fact.Funny your other face didn't mention tax cuts/increased revenue as the reason for Kotlikoff seeing the need for a 4.9% (revenue neutral) Fairtax rate increase.
Recently, Kotlikoff estimated the necessary NRST rate for 2007 based on increases in government spending and consumption. The results were to increase the NRST from 23% to 23.82%.