To: xzins
National retail sales tax.
Extremely regressive. The poor would be paying a tax on everything they make. The more money you made, the less tax you would pay. I personally think anyone who makes less than 30K should pay no income tax at all. The better those people do, the better off we all are. They spend almost everything they make. It drives the economy. If you want those people to open small businesses, they need some seed money. Trickle down is a sham. It keeps failing. Trikle up is the way to go.
17 posted on
08/18/2003 7:26:05 AM PDT by
KCmark
(I am NOT a partisan.)
To: KCmark
It isn't regressive....it is equal.
EVERYONE should pay something, otherwise I own the country more than they do, and I have more of a right to speak out than they do. After all -- I'm paying their way. Irresponsibly, they're just along for the ride. In fact, I could argue that I'm more of an american than they are.
The same percentage sales tax for everyone will have those who consume a lot spend more (at that same rate) and those who spend little pay less (at that same rate.)
The unequal (so-called 'progressive') tax is idiotic for this reason, too: everytime you cut taxes, you cut more people off the tax rolls. After a while you have so few paying taxes that you break them and their productivity.
Tax cuts mean that you will eventually have to change a progressive tax structure to a more sane means of collecting taxes.
Cyclical economies mean that you will have to keep offering tax cuts OR increasing taxes. EITHER WAY you break those who are producing.
21 posted on
08/18/2003 7:33:05 AM PDT by
xzins
(In the Beginning was the Word)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson