Nice try, but on close inspection, Mr. Adler’s credentials are suspect.
We are to take as gospel this “presentation” by a UCLA MBA graduate who is an assistant accounting professor at Chapman University?
“. . . Mr. Adler is currently an assistant professor of accounting at Chapman University. He was previously a partner with Deloitte & Touche, LLP, from which he retired in 2003 after 30 years with that firm. He specialized in tax accounting and served as client service and tax partner for a variety of public and private companies. Mr. Adler is a certified public accountant, licensed in the State of California.”
It would appear that Mr. Adler has made his entire fortune, and continues to profit by working within the context of the Federal Internal Revenue Code. One could hardly expect him to trash the very system that has made him rich and famous, could one?
Therefore, one must conclude that he has a particular ax to grind, despite his weak comment that the current FIRC is not the right long term answer for the US.
Likewise, he asserts that the FairTax is not the right long term answer for the US.
If they are not, Mr. Adler, then what is?
What is your proposal?
Well said.