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As complicated as this would be to implement, it is only solution I think sounds like a fair policy to discourage getting filthy rich while lifting the poor to
by reacharavindh 2y ago
As complicated as this would be to implement, it is only solution I think sounds like a fair policy to discourage getting filthy rich while lifting the poor to a better economic balance.
Although, I have a feeling the filthy rich would simply choose to spend elsewhere where the consumption taxes don’t exist or are lower…
- quantadev 2y agoIt's easy to implement, because sales tax already exists in every state but 5 right? So it's already all built-in to the Point-of-Sales software, banking, finance, etc. Insofar as simply "choosing to spend elsewhere (outside USA)", somehow sales-tax is something people find difficult to avoid already right? We're just talking about increasing existing sales tax amount, and then eliminating all Federal tax.