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To: shubi

"I am for a national sales tax and transaction tax that totally eliminates the IRS."

Be careful about the transaction tax. If implemented as some propose, it becomes a huge obstacle to free flow of efficient investment by taxing all investment transactions, which would grind Wall Street to a halt.


46 posted on 11/28/2004 7:05:37 AM PST by Eccl 10:2 (Pray, pray, pray that we as a people are deserving of godly leaders.)
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To: Eccl 10:2

A 1% or less transaction tax on investment transactions would be far better than the horrors of the current system.


54 posted on 11/28/2004 7:33:55 AM PST by shubi (Those who expect to reap the blessings of freedom,must undergo the fatigues of supporting it.)
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