Wednesday, December 22, 2004

More on taxation

Walter Williams has a good column about a national sales tax or flat tax. His recommendation that the 16th amendment be repealed is a good one, "so Congress can't hit us with both an income and sales tax."

I also liked these two comments:

"Another benefit of a national sales tax is that being taxed 23 percent to 30 percent with every purchase we become more aware of the cost of government. Income taxes and corporate taxes conceal that cost. "

"My personal preference is a constitutional amendment limiting federal spending to a fixed percentage, say 10 percent, of the GDP. You say, "Williams, why 10 percent?" My answer is that if 10 percent is good enough for the Baptist Church, it ought to be good enough for the U.S. Congress."

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