Robert Genetski is a classical economist, author, columnist and popular speaker. He has written five books on classical economic principles, His most recent economics book is, Rich Nation, Poor Nation: Why Some Nations Proper While Others Fail. The book provides extensive historical evidence for the success and failure of economic policies in the US and throughout the world.
For the past thirty years, Genetski’s consulting firm, ClassicalPrinciples, has provided clients with economic and investment insights. Genetski graduated from EIU and earned his MA and PhD in Economics from NYU.
He taught economics at a number of institutions of higher learning including the University of Chicago’s Graduate School of Business and NYU. He served on various Boards of Directors and currently writes a regular column for The Epoch Times.
Genetski’s latest book, Is There Evidence for God? An Economist Searches for Answers, uses research skills developed over half a century to delve into one of the most important questions facing mankind.
Why I Favor the FairTax
The FairTax is the most effective way to restore America’s freedom and prosperity. As the power of government increases there is a concomitant loss of individual freedom. When freedom declines, the effect reverberates through every fabric of society, undermining morality, education, healthcare and financial stability. Concentrating power in the hands of government inevitably divides individuals and groups against each other, promoting animosity and hatred. The relentless expansion of government power is root cause of a loss of freedom. And the root cause of government power can be traced to the income tax.
The income tax discourages productive work, misallocates resources and disguises the true cost of government. Without a clear sense of the cost of government, there is no effective limit to government’s growth and power.
The FairTax provides the most effective way to restore America’s traditional freedom and prosperity. It incentivizes productive work, promotes investments and limits the expansion of government power by providing a clearer indication of its cost.