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re: On a dollar basis, taxation does not hurt nor benefit an economy

Posted on 10/1/14 at 7:53 pm to
Posted by offshoretrash
Farmerville, La
Member since Aug 2008
10269 posts
Posted on 10/1/14 at 7:53 pm to
quote:

The vast majority of taxation goes, eventually, into the pockets of people that will spend it


Then why don't we just go to a federal sales tax?

The rich buy more so they would still pay more in taxes. But this way everyone would pay their share including the drug dealers with their 20" rims to the illegals buying goods to live here.
Posted by germandawg
Member since Sep 2012
14135 posts
Posted on 10/1/14 at 8:55 pm to
The effects of taxation on the economy and business growth are negligible and there is plenty of data that supports this. What is not negligible is the effect of taxation on an individual's economy....it sucks to pay taxes period. This sucking is the only reason so many "experts" try to make the case for taxation being such a detriment to economic growth. No one likes being taxed but in the overall scheme of things the effects are minuscule compared to cronyism, corruption and uncertainty. Eliminate the first two (the third is inherent) and business growth would be tremendous even with stiff tax increases.
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