“Because consumption comes from three sources: income, savings, and borrowings. Stating the obvious, income comes only from income. Our point? FairTax opponents will tell you that the consumption base, the base for national sales tax, isn’t stable and can’t be trusted—but in reality it’s the income tax base that’s unstable and can’t be trusted. The consumption base is much more predictable.”
Neal Boortz
FairTax: The Truth: Answering the Critics
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Similar quotes
“The joint committee invited economists of many economic stripes to model what would happen if America switched from the current code to a unified income tax or a consumption tax. Every economist who modeled reported that the consumption tax would increase long-term economic growth.”
Neal Boortz
FairTax: The Truth: Answering the Critics
“True socialism is based not on equality of income or character, but on the equality of manners.”
E.M. Forster
“When there is an income tax, the just man will pay more and the unjust less on the same amount of income.”
Plato
“All progress is based upon a universal innate desire on the part of every organism to live beyond its income”
Samuel Butler
The Way of All Flesh
“The hardest thing in the world to understand is the income tax.”
Albert Einstein