Archives for February 19, 2013

Is a “Consumption Tax” Fair?

Is a “Consumption Tax” Fair?I have argued here and elsewhere (e.g., in newspaper letters to the editor and guest columns) that income tax is the only fair tax because it’s the only tax based solely on ability to pay. (I might include “luxury tax” also.)In recent years a vocal minority have been calling for a universal “consumption tax” to replace income taxes. I tended to dismiss them as unthinking (to use a nicer word than what I really think) people. Now, however, I read a column in the … [Read more...]