The Cato Institute’s Richard W. Rahn makes a solid case as to why the IRS should be abolished. Mr. Rahn argues that the present tax system gets failing grades for what it ought to do—“obtain the necessary revenue with the least amount of damage to the economy and the civil liberties of the citizens.”
Tax forms are often incomprehensible and ambiguous, not just to the average taxpayer, but also to tax professionals. Indecipherable IRS instructions ensure that taxpayers do not know whether they are in compliance, and as Mr. Rahn writes, “When the law becomes arbitrary, there is tyranny.” Read more from Richard Rahn here.
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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.
Latest posts by Debbie Young (see all)
- A New Belief in the Sanctity of Insurance Companies - October 19, 2017
- The Obama Legacy—an Unstable House of Cards - October 18, 2017
- ACA Exchanges: Blatantly Illegal Payments - October 16, 2017
