Oh good heavens help us...

[kellinator]

The latest idea from Herr Shrub: Let's get rid of the income tax and replace it with a national sales tax.

This is the worst idea I've heard from the Idiot-in-Chief since... oh, who's counting?

I don't know a lot about economics, but I come from Tennessee, home of one of the highest sales taxes in the nation (including on food, and yes I do mean groceries). And sales taxes are definitely regressive.

Do the math. Say a person needs x amount of food to survive, taxed at 8%. For Bill Gates that tax is nothing; for the average middle-class American it's an 8% jump in the food bill. Talk about your cost of living increase...

I guess this is his way of saying he doesn't think he's put enough of the tax burden on the middle and lower class.

And if this post pisses you off, I don't give a fuck.

EDIT: Excellent article from resipsaloquitor:
http://money.cnn.com/2004/08/11/news/economy/election_tax/index.htm?cnn=yes

Comments

[kellinator.livejournal.com]

At this point I can't fathom why any Republican would vote for Bush. Isn't the hallmark of the party supposed to be fiscal responsibility? The man wouldn't know fiscal responsibility if it bit him on the ass.

[misanthropist.livejournal.com]

Yeah, but another hallmark is smaller government. This proposal is supposed to get rid of the IRS.

Again, not that I agree with it. Just playind Devil's Advocate, I suppose.