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Isn't consumption what drives the huge American economy? I'm not an economist, but it seems like implementing a bigger sales tax would reduce consumption, which
by dntrkv 12y ago
Isn't consumption what drives the huge American economy? I'm not an economist, but it seems like implementing a bigger sales tax would reduce consumption, which would reduce profits, which would results in less jobs and smaller salaries. So in effect you would be reducing take home pay and increasing the price of goods. Is my logic here incorrect?