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Posted on 1/29/23 at 4:33 pm to Jax Teller
quote:
Explain. In detail.
It would be an instant 30% inflation on everything. That would drive all of the lower classes to abject poverty. Also, the impact of such a tax would be devastating on the wage earners while substantially increasing the wealth of high wage earners. It is the very definition of a regressive tax system.
Posted on 1/29/23 at 4:44 pm to Jax Teller
He can't as he sucks at math and basic economics.
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