Wednesday, December 03, 2008
"Abolishing the income tax could cut government revenue by about 40 percent. I have heard the breathless claims about how radical that is - and compared to the trivial changes we are accustomed to seeing in government, I suppose it is. But in absolute terms, is it really so radical? In order to imagine what it would be like to live in a country with a federal budget 40 percent lower than the federal budget of 2007, it would be necessary to go all the way back to ...1997." Ron Paul, The Revolution, pp. 79-80.
Posted by Robin Phillips