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This would have consequences for wealth inequality. Households with lower incomes spend much larger percentage of their money on goods with sales tax than more
by Boltgolt 5y ago
This would have consequences for wealth inequality. Households with lower incomes spend much larger percentage of their money on goods with sales tax than more wealthy households. This plan would increase tax for low income families and majorly decrease it for families with where a lot ad money flows into investments or savings.
- mbostleman 5y ago>>Households with lower incomes spend much larger percentage of their money on goods with sales tax than more wealthy households>> Right, I addressed this. However, for the wealthy household, exactly what is the utility of all the money they have if they can't spend it? The minute any money is spent, the not-taxed argument comes apart because it is now taxed. How can you be wealthy if you do not have access to money?