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re: I'd be interested to hear everyone's opinions of a national sales tax...
Posted on 1/29/23 at 4:33 pm to Jax Teller
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.
1
Posted on 1/29/23 at 4:39 pm to TBoy
quote:
It would be an instant 30% inflation on everything.
As opposed to rampant inflation AND income tax?
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