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Sales Taxes are the least economically destructive of all taxes. If a government's goal to optimize economic growth they should eliminate income, property, capi
by curt 14y ago
Sales Taxes are the least economically destructive of all taxes. If a government's goal to optimize economic growth they should eliminate income, property, capital, etc taxes are replace them with a sales/consumption tax. Bobby Jindal proposed this in Louisiana.
- lbarrow 14y agoSales taxes are also regressive: poor people spend a higher percentage of their income than rich people, so any tax on spending will affect poor people more than rich people.
- Retric 14y agoSales Taxes are vary economically destructive as unlike income tax they artificially shift the economy from real goods to services. The only way to avoid this is to tax all spending and gift giving which ends up being just another income tax.
- vbuterin 14y ago> from real goods to services Hence inventions like Canada's "goods and services" tax.
- mikeash 14y agoWhat makes sales tax better than other taxes in this regard?
- protomyth 14y agoIt's fairly easy to collect (like gas taxes) since you're dealing with a set of vendors and not the whole population.