Mises Wire

Is The Truth Stranger Than Fiction?

Is The Truth Stranger Than Fiction?

Consumption Tax Proposed:

Q: Last week, Federal Reserve Chairman Alan Greenspan said a consumption tax, such as a national sales tax, could benefit the nation’s economy. What do you think?
A: We tried an income-based tax for nearly a century and look what it brought us: greater economic stability and government accountability. Clearly, we must explore other options.

See also: Sales tax on Internet downloads

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