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

[xforge.livejournal.com]

Smart politicos keep it from looking like a tax on the poor, which is what the hell it is, by exempting groceries and clothes and car tires and stuff like poor people damn well need to frickin' live. But do I trust President F*ckhead not to do that? Not as far as I could throw the frickin' house he's stayin' in, I don't.

[gaiagurl.livejournal.com]

and if they're gonna do that anyway, what is the point of a flat tax??? keep the system we HAVE, dammit, and simplify it somewhat!