Professor Elam

I write in several venues including a news paper column, and have for years.  Last year I commented that if someone would embrace the Fair Tax it would catapult thier candidacy to the top.  Well, Mike Huckabee has.  And guess what, he had gone from nowhere to near leader of the Republican pack in a matter of weeks.  Now it will NOT be my policy to endorse candidates on this blog. However this is an issue of tremendous importance to the accounting profesion, who so far have said exactly nothng about it.  Here are some comments from Neal Boortz, one author of the Fair Tax book, abut it, make what you will about his other comments.   More on his books Amazon listing on Fair Tax. The theme emerging in both parties is change and youth.  Will Obama embrce a simpler system?

Big Picture, the emergence of this as an issue will or may cause other candidates to have to defend the gosh awful tax code we have now, how can they? 

In fairness here is a summary of Steve Forbes Flat Tax. Preview the book here.

What i want to stimulate is a discussion on taxation.  Do you like the current system of lobbyist influence peddling called a tax system, you can see how I feel about it!  What would you do?  Better yet, how about linking federal spending to 10% of GDP as Tom Sowell has suggested, at least that would slow expenditures.