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>> Taxes should focus on points of exchange. > Yes, increase taxes on the poor for basic necessities rather than taxing people with far more money than they pr
by tracker1 2y ago
>> Taxes should focus on points of exchange.
> Yes, increase taxes on the poor for basic necessities rather than taxing people with far more money than they productively use because... ???
Yeah, wealthy don't have any major exchanges... no stock trades, no building purchases, no yachts that would vastly exceed the spending of most poor.
- benzible 2y agoSales taxes are regressive. No idea how to analyze the total burden of some unspecified package of "taxes at the point of exchange" but in any case, what's the rationale for this vs., say, taxing capital gains as ordinary income, or eliminating the carried interest loophole? Seems like this just comes down to your personal preferences.
- tracker1 2y agoI didn't say sales, I said exchange. Again, my personal preference is not to deprive someone of property for living another year.