Consumption-based taxation leads to fewer market distortions, encourages investment and simplifies tax remittance procedures, essentially freeing private individuals of all transaction costs related to paying taxes...Our taxation is messed up. It needs to be changed. Feel free to pop over to ThePolitic and tell me how right or wrong I am.
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The rescission acknowledges these problems and is a great step in the right
direction. Now, the Fed can continue to reduce its regulatory scope and
focus e...
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