Wednesday, December 22, 2004

Straight talk

If you want straight talk on economic issues, Walter E. Williams has a gift for making what may seem incomprehensible simple to understand.

Dr. Williams explains some of the reasons why he supports overhauling the current Federal income tax system, but warns that in all likelihood, it is doomed to failure because Congress will never approve the change:

The two most powerful congressional committees are the House Ways and Means Committee and the Senate Finance Committee. Both dispense tax favors to different Americans that come at the expense of other Americans. With a sales or flat tax, their Santa Claus roles, not to mention campaign contributions, would be diminished.



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