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

[dwivian]

But, taxing income is inherently flawed -- income has NO MEANING. If you make $1M a year, but spend only $10k, you are taxed less, but the money you have isn't doing you any good. Money ONLY has value when spent. Taxing at the point of spending inherently equal, and her argument holds. Or, to be fair, how do you **KNOW** the Bentley driver has more income? Maybe it's Bill Gates buying a Hyundai because he loves the car, and a limo service (running nearly NO profit from location) buying the Bentley....