LINDER’S 16TH PROBLEM
One of the very first “Liberation Links” we put up at the inception of To The Point was to John Linder’s FairTax. John is a Republican Congressman from Georgia who has authored a bill, HR 25 for the 109th Congress, that would in his words, “repeal all corporate and individual income taxes, payroll taxes, self-employment taxes, capital gains taxes, estate taxes and gift taxes - and replace it with a revenue-neutral personal consumption tax.”
If the FairTax were to become law, the IRS would cease to exist, and we would pay our taxes like we buy a gallon of gasoline. Yes, that gallon and just about everything else would cost 23% more in a national retail sales tax - but since business-to-business transactions are not taxed, nor would businesses be paying corporate taxes or the employers’ share of payroll taxes, consumer prices would drop by at least that 23% if not much more.
The extent of the explosion of increased prosperity that would happen throughout America if the FairTax were to replace the IRS is difficult to exaggerate. Let’s put it this way: The FairTax would be the single greatest act of wealth creation in the history of man.
We are now fast approaching a tipping point of acknowledgement that the federal tax code is irretrievably broken and has to be replaced. Linder’s FairTax is by far the best fix. Except there’s this one little problem - actually, it’s the 16th problem.

