I agree. I seem to recall another tax experiment a few years ago called the luxury tax. This was a pseudo sales tax upon items only the super rich could afford, like yachts, etc..
Seems the super rich either delayed purchasing their yachts, or bought them overseas and kept them there, and weren;t inconvenienced at all.
the entire domestic boat building industry disappeared though - and the only people hurt were those employed therein.
motivations aside, when you price things out of people’s reach, demand dries up, and people find alternatives. then whole industries die, thousands out of work, huge demands upon the social safety net that require more taxes, and you have a vicious cycle right out of “Atlas Shrugged” almost.
this proposal would artificially raise prices on manufactured goods, consumers might take home a bit more money, unless (as is likely) the government keeps the income tax, but the huge spoike in prices of goods will more than offset.
a little more thinking and a little less dreaming and you’ll find that reality doesn’t always move in desired or even predictable paths. this proposal is somebody’s pipe dream and I hope they feel good about it as it saps the economy into a depression that would make the last one seem like a cake walk.
How do you expect anyone to take you seriously when your facts are flat wrong or skewed.
The entire boat building industry disappeared?
You and your other yapping mollusks friends can’t get to a point of accuracy in any of your comments. You take a view and stretch it into the unbelievably ridiculous.
It’s Ok with me because it shows those lurking in how weak the opposition is in the blogosphere.