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The Official Blog of National Taxpayers Union

Fair Tax Follies

Posted by Dominic Rupprecht - July 12, 2008

Proving once again that you don't need to understand economics to report on economics, The Salt Lake Tribune unleashed this editorial on their readers.

The Tribune is upset Utah's legislature is considering a switch to a revenue-neutral consumption tax. Rather than debating the plan fairly, the editors decided it'd be better to tell some tall tales.

The plan, advanced by Americans for Fair Taxation, would essential apply the Fair Tax at the state level. But the Tribune isn't buying it.

They claim a consumption tax is more volatile than taxes on income even though the consumption tax is less vulnerable to fluctuation in the economy.

They claim "folks of limited means" would be forced to pick up and leave even though Fair Tax proposals always include pre-bates compensating for all essential spending.

They even attack the consumption tax for encouraging savings and investment, two of the foundations of a healthy economy.

Perhaps it's time for the editors of the Tribune to stop by our Fair Tax portal.

Thoughts?   Add Comment -


John David Galt said on Jul 16 2008 at 12:38pm
The FairTax should simply exempt all purchases of food, clothing, medicine and shelter in the first place. Then the objection the Tribune raised could not exist.