I’ve explained before that I’m skeptical of the Fair Tax, hostile to the value-added tax, and opposed to other forms of a national sales tax for the simple reason that I don’t trust politicians to get rid of the income tax.
Indeed, I fully suspect that the crowd in Washington – including many Republicans – would like nothing better than to impose a VAT on top of the current internal revenue code.
For the same reason, I’m inherently hostile to proposals that would create a new tax on the basis of how much we drive. As I explain in this interview for Fox Business News, the politicians would treat this tax as a new source of revenue and not get rid of gas taxes and/or property taxes on cars.
By the way, I hope everyone appreciates my sartorial splendor. A couple of years ago, some of my degenerate softball buddies made fun of me for the relatively subdued jacket I wore in this interview.
That motivated me to take the next step and unveil the madras.
P.S. Never trust politicians when they introduce a tax at a low rate and claim it won’t be a big burden. I mentioned in the interview how the first income tax in 1913 morphed into the nightmare we face today, but I also call your attention to the British tax on air travel, which has ballooned since its introduction in 1994.
P.P.S. Here’s another post on the topic of a miles-driven tax, but focusing more on the threat to privacy.