The author cites the Milton Friedman work of the 1960s which mentions the flat tax idea as a condition precedent to prosperity. Forbes discusses the Kennedy and Reagan tax cuts and the impact on economic growth and prosperity. The current tax code has over 9MM words; whereas, the Bible contains 773T words. The author believes that we pay too much. Resultingly, our quality of life suffers. An important dynamic is discussed in the Forbes book. This discovery is that … more
Before I write, I should note that I am a conservative, albiet one disgusted with the Republican Party's antics of late. As such, I was dismayed to see the only recommendations on the back of the book from partisan hacks like Hannity and Cavuto. Nonetheless, I bought it since I am interested in tax reform. Forbes goes about his agenda with a one-sidedness more present in polemics than academic works. Yes, high taxes impede economic growth, but they are not the only variable … more
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