Sadly, many of us are now so accustomed to the idea of good jobs and investment capital leaving our shores that we forget it doesn’t have to be this way. In fact, there is a better way. Experts predict that between $10-15 TRILLION of foreign investments will rush into the United States economy after enactment of the FairTax. With the elimination of the corporate income tax as well as capital gains taxes and personal income taxes and payroll taxes, the U.S. becomes the “offshore tax haven” to the world. That means more “Made in America” jobs, better benefits, economic growth and a rising sea that floats all boats!
It’s time to change our thinking.
It’s time to change our economics.
It’s time to change Washington.
It’s time for the FairTax.
I thought you might be interested in learning more about the FairTax, a comprehensive proposal to replace all federal income and payroll based taxes with a progressive national retail sales tax. Economists predict the FairTax will drive trillions of dollars into the United States economy, shoring up our weakening economy and stock market. How does that sound during these tough times?
To learn more about the FairTax, go to www.fairtax.org.
~ A. R. H. A.
What “experts” are predicting this? Can you name any so that their “predictions” can actually be reviewed?
The following is a list of experts who recently wrote an open letter to the President of the United States and to the United States Congress:
Donald L. Alexander
Professor of Economics
Western Michigan University
John Greenhut, Ph.D.
Associate Professor
Finance & Business Economics
School of Global Management and Leadership
Arizona State University
Ben Pierce
Central Missouri State University
Wayne Angell
Angell Economics
Darrin V. Gulla
Dept. of Economics
University of Georgia
Michael K. Pippenger, Ph.D.
Associate Professor of Economics
University of Alaska
Jim Araji
Professor of Agricultural Economics
University of Idaho
Jon Halvorson
Assistant Professor of Economics
Indiana University of Pennsylvania
Robert Piron
Professor of Economics
Oberlin College
Ray Ball
Graduate School of Business
University of Chicago
Reza G. Hamzaee, Ph.D.
Professor of Economics &
Applied Decision Sciences
Department of Economics
Missouri Western State College
Mattias Polborn
Department of Economics
University of Illinois
Roger J. Beck
Professor Emeritus
Southern Illinois University, Carbondale
James M. Hvidding
Professor of Economics
Kutztown University
Joseph S. Pomykala, Ph.D.
Department of Economics
Towson University
John J. Bethune
Kennedy Chair of Free Enterprise
Barton College
F. Jerry Ingram, Ph.D.
Professor of Economics and Finance
The University of Louisiana-Monroe
Barry Popkin
University of North Carolina
at Chapel Hill
David M. Brasington
Louisiana State University
Drew Johnson
Fellow
Davenport Institute for Public Policy
Pepperdine University
Steven W. Rick
Lecturer, University of Wisconsin
Senior Economist, Credit Union National Association
Jack A. Chambless
Professor of Economics
Valencia College
Steven J. Jordan
Visiting Assistant Professor
Virginia Tech
Department of Economics
Paul H. Rubin
Samuel Candler Dobbs
Professor of Economics & Law
Department of Economics
Emory University
Christopher K. Coombs
Louisiana State University
Richard E. Just
University of Maryland
John Ruggiero
University of Dayton
William J. Corcoran, Ph.D.
University of Nebraska
at Omaha
Dr. Michael S. Kaylen
Associate Professor
University of Missouri
Michael K. Salemi
Bowman and Gordon Gray
Professor of Economics
University of North Carolina
at Chapel Hill
Eleanor D. Craig
Economics Department
University of Delaware
David L. Kendall
Professor of Economics and Finance
University of Virginia’s College at Wise
Dr. Carole E. Scott
Richards College of Business
State University of West Georgia
Susan Dadres, Ph.D.
Department of Economics
Southern Methodist University
Peter M. Kerr
Professor of Economics
Southeast Missouri State University
Carlos Seiglie
Dept. of Economics
Rutgers University
Henry Demmert
Santa Clara University
Miles Spencer Kimball
Professor of Economics
University of Michigan
John Semmens
Economist
Phoenix College
Arizona
Arthur De Vany
Professor Emeritus
Economics and Mathematical Behavioral Sciences
University of California, Irvine
James V. Koch
Department of Economics
Old Dominion University
Alan C. Shapiro
Ivadelle and Theodore Johnson
Professor of Banking and Finance
Marshall School of Business
University of Southern California
Pradeep Dubey
Leading Professor
Center for Game Theory
Dept. of Economics
SUNY at Stony Brook
Laurence J. Kotlikoff
Professor of Economics
Boston University
Dr. Stephen Shmanske
Professor of Economics
California State University,
Hayward
Demissew Diro Ejara
William Paterson University of New Jersey
Edward J. López
Assistant Professor
University of North Texas
James F. Smith
University of North Carolina
at Chapel Hill
Patricia J. Euzent
Department of Economics
University of Central Florida
Franklin Lopez
Tulane University
Vernon L. Smith
Economist
John A. Flanders
Professor of Business and Economics
Central Methodist University
Salvador Lopez
University of West Georgia
W. James Smith
Dean of Liberal Arts and Sciences and Professor of Economics
University of Colorado at Denver
Richard H. Fosberg, Ph.D.
William Paterson University
Yuri N. Maltsev, Ph.D.
Professor of Economics
Carthage College
John C. Soper
Boler School of Business
John Carroll University
Gary L. French, Ph.D.
Senior Vice President
Nathan Associates Inc.
Glenn MacDonald
John M. Olin Distinguished Professor of Economics and Strategy
Washington University in St. Louis
Roger Spencer
Professor of Economics
Trinity University
Professor James Frew
Economics Department
Willamette University
Dr. John Merrifield
Professor of Economics
University of Texas-San Antonio
Daniel A. Sumner, Director,
University of California
Agricultural Issues Center
and the Frank H. Buck, Jr.,
Chair Professor,
Department of Agricultural and Resource Economics,
University of California, Davis
K. K. Fung
University of Memphis
Dr. Matt Metzgar
Mount Union College
Curtis R. Taylor
Professor of Economics and Business
Duke University
Satya J. Gabriel, Ph.D.
Professor of Economics and Finance
Mount Holyoke College
Carlisle Moody
Department of Economics
College of William and Mary
Robert Vigil
Analysis Group, Inc.
Dave Garthoff
Summit College
The University of Akron
Andrew P. Morriss
Galen J. Roush Professor of Business Law & Regulation
Case Western Reserve University School of Law
John H. Wicks, Ph.D.
Professor Emeritus
Department of Economics
University of Montana
Ronald D. Gilbert
Associate Professor of Economics
Texas Tech University
Timothy Perri
Department of Economics
Appalachian State University
F. Scott Wilson, Ph.D.
Canisius College
Philip E. Graves
Department of Economics
University of Colorado
Mark J. Perry
School of Management and Department of Economics
University of Michigan-Flint
Mokhlis Y. Zaki
Professor of Economics Emeritus
Northern Michigan University
Bettina Bien Greaves, Retired
Foundation for Economic Education
Timothy Peterson
Assistant Professor
Economics and Management Department
Gustavus Adolphus College
I would even be willing to accept Obamacare if that’s what it takes to get Obama to replace the income tax with the FairTax. The FairTax is a very progressive tax proposal due to the prebate function of the FairTax. It is much more progressive than a flat tax, so I don’t see any reason why a progressive president like Obama would have a problem with the FairTax if he truly cares more about helping the American people than he cares about being able to use tax code manipulations to increase the power of his cronies.