October 22, 2011

Scholars of the 1980's came up with FairTax as the answer to Free Trade Policy's burden by ProductionTax, the IRS, the Flat Tax.

If memory serves correctly, there are 74 Signatures on the original document, the most highly held scholars of that era. They took about 10 years getting to end product. Much research and vetting took place thereafter at the tune of 20 million dollars.

Think why? It is then that President Reagan gave us the Free Trade Policy. What these scholars see, is by opening the borders, we become burdened by the antiquated production tax, no known as the IRS code, puts on domestic manufacturing. They wanted to fix that, but there was not any possible way to get it done without preparation.

Not to dip into the reasons for bubbles and the reasons for positive growth with continued deficit growth. Illusions aplenty. If that did not make sense, it is politics and it don't matter. Simply put, we have not had to face this issue til now, due to the government band aids. There is a reason the leading economists of the world are embracing FairTax, and why these 74 signatures mean even more.

If everyone knew all there is to know, they would not do half the things they do, including myself, therefore I must foregive them, including myself.