A Great Idea

Neal Boortz talked about a new method for taxation over two whole shows last week: the national sales tax.

The first time I heard the idea, I was against it, because I did not know that it is a proposition to replace all other taxes. In that case only, it would be an excellent idea.

Consider only a few small items that are subject to taxation today, and shouldn't be: savings and investment. It's such horrible policy to tax savings. Doing so punishes prudent, thrifty behavior, discouraging many from doing saving and investing. Taking all taxes off of interest earned in passbook savings accounts and CD's, and dividends earned from stocks, will encourage people from all walks of life to participate in these most beneficial activities.

Read up on this. The Fair Tax is a wonderfully good idea.