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To: Le Seigneur De Porc
They wouldn't, and the idea of destroying the economy in order to try to get a tiny amount taxes out of gang bangers and pushers as well as to achieve the equality of impoverishment of the middle class is so loaded with stupid that its laughable.

You posted that revealing paragraph, and expect to taken seriously on this forum? Evidently, you know as much about the NRST as the author of this article.

67 posted on 01/31/2005 7:44:15 AM PST by Judith Anne (Thank you St. Jude for favors granted.)
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To: Judith Anne
See if you can understand this.

The US economy is based on consumption. For several decades, it has been the most productive economy in the world, fostering the greatest gains in class mobility of any polity to date - even the "poor" have luxuries such as AC, electricity, cars, cellphones, computers and lifestyles which would be considered upscale in many places around the world. Because of the strength of the economy, there is a very large and largely satisfied middle class, much of which depends on jobs in retail and manufacturing sectors.

Your beloved consumption tax completely skews spending, and enables the creation of tax dodges hitherto unknown - it'll be the broken window scenario (to exponential effect - that will spread).

The original NRST idiocy had new home construction included - of course, at a 23% rate, there would be no more 80% financing,because no bank would be willing to cover a loan with an appraisal that far under loan value. Same thing with cars, boats, many appliances.

You can take those out of the mix, but what does the necessary increase do to the business of financing and obtaining new furniture, linens, and other household goods?

Wanna exclude those, too?

103 posted on 01/31/2005 8:01:29 AM PST by Le Seigneur De Porc (BTW, income tax is Constitutional)
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