This is an open letter to a new generation of founding fathers who I hope will stand up and “pledge their lives, their fortunes, and their sacred honor” to the cause of a restored Republic of the United States of America. I am asking for leaders to lead; people with wealth, name recognition, and the trust of We the People to lead us into a revival of the liberty once known by citizens of America. It is time for a political party to represent…
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An important thing to remember is that the fairtax replaces the income tax.
In order to understand why the fairtax taxes government consumption, we need to first understand how government collects taxes from government's spending under present income taxes. To simplify the discussion, imagine a group of people on an island. Every year, each chips in 22% of his income to pay for things important to the group.
One year the…
ContinueAdded by Keith Reynolds on June 14, 2009 at 9:30pm — 2 Comments
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