The History of the FairTax
How far the FairTax has come in the couple decades since it was first pondered is simultaneously amazing and not surprising. In large part, it is the result of a 700,000-person-strong grassroots movement that sprang from a three-man think tank. However, its popularity has definitely been aided by the cheer-leading of some high-profile media personalities and a New York Times best-seller—something we should always remember when looking at this from both sides.
The Founders of the FairTax
The origins for the FairTax were simple enough. In the mid-1990s, a group of wealthy Texas businessmen committed $4.5 million of their resources to help fund research into designing a better tax system. As the story goes, they had ...