The Fair Tax with Steven Hayes - Episode 268
Engineer of Finance
English - March 24, 2023 12:00 - 50 minutes - 47 MB - ★★★★★ - 33 ratingsInvesting Business Education Self-Improvement engineeroffinance financialplanning kengreene lifeinsurance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Ken Greene and Steven Hayes talk about The Fair Tax proposal that seeks to replace income tax with a revenue-neutral retail sales tax, which would simplify the tax code, eliminate payroll and income taxes, reduce prices for individuals, increase disposable income, transfer power back to the people, and stimulate productivity for the country. Skeptics may be hesitant due to the proposed 30% sales tax, but upon closer examination, the Fair Tax would provide benefits such as simpler taxation for all and a prepayment cushion for lower-income families. The proposal faces opposition from lobbyists and politicians who seek to maintain control and influence over taxation. However, momentum for the Fair Tax proposal can be created through discussion, media coverage, and raising awareness of the benefits of the proposal.
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