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1 posted on 06/01/2019 4:02:38 AM PDT by Kaslin
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To: Kaslin
This article kind of wanders among good and not so good ideas.

For example: If they need to pay more, a progressive consumption tax (long favored on the right) is efficient and it works. Wealth taxes (favored by the left) are inefficient and they don’t work.

Consumption taxes are a BAD idea. We have that on gasoline right now. But the taxes are hidden, so that the consumer only sees a single price at the pump. Since there is no way to know how much of the pump price is actually taxes, consumers only see the tax-inflated price and assume that the oil companies are raking in huge profits. This feeds right into leftist political propaganda, as the left denounces “big oil” for greed and uses that “greed” to justify all kinds of stifling regulations on energy production. Imagine if the income tax were eliminated in favor of a consumption tax across the board. Leftist politicians would hide the actual tax amount from consumers, then stand on their soapboxes and pontificate about greedy “big bread”, “big milk”, “big shoes”, etc. No, thanks.

2 posted on 06/01/2019 5:38:57 AM PDT by exDemMom (Current visual of the hole the US continues to dig itself into: http://www.usdebtclock.org/)
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To: Kaslin

Most of the alternatives presented are simply a shifting of responsibility from one government-centric process to another.


3 posted on 06/01/2019 5:54:16 AM PDT by Mr Ramsbotham ("God is a spirit, and man His means of walking on the earth.")
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