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The Fair Tax Revolution: A New Era in American Taxation
Manage episode 452925144 series 3071154
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November 30, 2024 - Participants include:
Jim Bennett- Fair Tax
Steven Hayes Fair Tax
John Richardson - @ExpatriationLaw
I have previously hosted Jim Bennett and Steve Hayes of Fair Tax fame. Previous podcasts are available here. Much has happened since our last discussion.
The November 5, 2024 election of Donald Trump coupled with Republican control of the Senate and House Of Representatives has created the opportunity for tax reform in the United States. As discussed in this podcast choices in taxation and really about choosing which form of taxation results in the least erosion of productive capital.
There has never been a better time for substantive tax reforem in the United States. The prospects for the "Fair Tax" have never been better.
Notably the Fair Tax would accomplish two goals:
1. It would turn the United States into a territorial tax system (the U.S. would NOT income/events outside the United States; and
2. It would replace the compliance costs and weaponization of the income tax with a simpler (and likely more fair) sales tax.
Previous podcasts with JIm Bennett and Steve Hayes are available here:
https://citizenshipsolutions.ca/category/fair-tax/
AI Description:
"Join John Richardson from Toronto, Canada, as he discusses the exciting possibilities of tax reform in the wake of President Trump's election. With special guests Steve Hayes and Jim Bennett of Fair Tax fame, this podcast delves into the potential for implementing Fair Tax legislation in the United States. They explore how an open-minded administration could reshape taxation and return power to the American people. The conversation covers the implications of Fair Tax on investment, American expatriates, and the U.S. economy as a whole. Discover the impact of a consumption-based tax system and the opportunities it presents for both individuals and businesses. This is a must-listen for anyone interested in the future of American taxation and economic growth."
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