Very interesting idea to simplify the US tax code and allow citizens to choose between a consumption or an income tax with the result being a sort of progressive consumption tax (since a flat consumption tax only is regressive since the poor have to pay a larger portion of their income in tax). I don't think I've thought through the entire plan carefully enough to pass judgement but I like the idea, and it's nice to see additional idea injected into the tax debate.

Here's an article about it from Bloomberg news: http://www.bloomberg.com/news/2011-04-27/left-right-can-love-taxes-commentary-by-laurence-kotlikoff-andrew-weiss.html

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T N. speak English, man!

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Jeremy G. I guess there's not a lot of beauty in speaking nerd-economics.

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