2008 Libertarian Vice-Presidential Candidate Wayne Root announced tonight at the LP of California annual convention that he will be running for Chair of the LP at its 2010 national convention in St. Louis.
Root still plans to run for the 2012 LP Presidential nomination. In his energetic speech to an LPCA fundraising banquet tonight, he also said that he has changed his mind and now supports is open to the Fair Tax. Root said that the Fair Tax should be a replacement for all other taxes on income, production, business, payroll, capital gains, and inheritance. He contrasted in vivid detail the differences in taxation and business climate between California and his own state of Nevada.
Root also said he could solve the problems in America’s financial and housing markets by offering instant citizenship to any immigrant willing to invest $250,000 in an American home or business. Root will discuss these ideas in more detail in his nearly-400-page forthcoming book, The Conscience Of A Libertarian.
Clarification: what Wayne said is that he wants to replicate at the federal level the Nevada model of no income taxes, business taxes, death taxes, capital gains taxes or IRS. He says is is open to any strategy that gets us to that model, whether it’s a flat tax, or fair tax, or even eliminating all federal taxes and moving all taxation to the state level. He emphasized that his first priority is to dramatically cut spending.
Wayne adds: “I’ve decided to run for LP Chairman assuming Bill Redpath does not run for re-election. But my decision is dependent on that decision by Bill. In the heat of moment yesterday I did not mention that second part.”