Episode Details

Boortz previews an upcoming debate over a potential value-added tax, warning that politicians could use the massive revenue it generates for more government spending rather than paying down the national debt. Boortz contrasts the VAT with the FairTax, which would replace existing federal taxes with a national retail sales tax, allowing workers to take home their full paychecks and only pay taxes when they spend money. He argues that the FairTax would also remove incentives for politicians to use the tax code as a source of political power.

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