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> The national, tax-everything sales tax doesn't tax idle money. There's no such thing as idle money. As soon as you deposit it in a bank, it gets loaned out t
by maratd 12y ago
> The national, tax-everything sales tax doesn't tax idle money.
There's no such thing as idle money. As soon as you deposit it in a bank, it gets loaned out to someone else who spends it.
> People with money have lots of it and can spend it non-domestically.
Even now, you're obligated to report any purchases made outside the jurisdiction and pay sales taxes on that yourself. I'm not suggesting we abolish the IRS. They should still be around and do audits and enforce the law, especially in such cases.