"On the surface, this scheme may sound fine to those who earn a decent salary, or perhaps are simply blessed through family with a lot of money, but for many, and I am talking about vast amounts of very low income honest hard working Americans this could the a super nightmare."
Those who "earn a decent salary" are the ones paying the lion's share of ALL taxes now.
If this proposed reform eliminated capital gains taxes and corporate income taxes, it could be argued that the inflow of new investment dollars would generate millions of new jobs.
Food for thought
"Those who "earn a decent salary" are the ones paying the lion's share of ALL taxes now.
If this proposed reform eliminated capital gains taxes and corporate income taxes, it could be argued that the inflow of new investment dollars would generate millions of new jobs. Food for thought"
Fair enough. But lets remember who foots the bills for new investment dollars more often then not. Depending on the type corporation/company, determines what precentage of re-investment dollars comes from their pocket, verse long term loans from banks etc.. But I would hope your assesment could in reality work.