Smokey
2008-03-19 18:18:41
What is to stop the government from saying, “We need just a little more money, so that 23% will be 23.2% next year…”
You can see where that would end up: a 60% “Fair Tax” after a few decades.
Unless there’s a Constitutional amendment capping the government’s vigorish, the whole proposal would soon be as bad — or worse — than what we have right now.
For another view of the tax issue:
