This episode is sponsored by Smart Vester.

You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building

wealth, and outrageous generosity.

Jonathan in Idaho gives us our question of the day.

I was wondering if you have an opinion on the proposed Fair Tax Act that would eliminate

federal taxes, impose a national sales tax on new goods purchased, and eliminate the

IRS as we know it.

That's the perfect question for the two of us.

I don't know two people that hate taxes more than me and Dave Ramsey.

Well, I've always been a fan of this.

In fact, I lived for years in Atlanta and Neil Bortz, who was a well-known local talk radio

guy.

You probably friends with Neil.

He was a big proponent of this and wrote a call call.

When I was a show, several times back in the day talking about that.

Yeah, and I like the best selling book on it.

Best selling book on this very issue, and I'm not going to endorse the book.

Nor am I going to endorse the policy, but I like the direction that it's heading, and

I'll tell you why.

I think a sales tax, it forces the consumer to kind of deal with it, and it's not the

federal government mandating what is taken from my income.

I like the flat tax idea, which is really the guts of what Neil Bortz was kind of proposing.

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