Fundamental tax reform needs a “fair tax” for all - the rich and the not-so-rich.
examining the tax. Curious, I called Kotlikoff last week and asked if anything had changed since then.
Kotlikoff also took issue with the idea, expressed by many Democrats, that the Fair Tax isn’t fair to regular folks because they spend all, or most, of their income while the wealthy save and invest much of theirs. “It’s really a progressive tax,” he said. “It’s a tax on labor incomeWhen wealthy people spend more than their income, the wealth they spend would also pay the national sales tax.
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