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

[not-hothead-yet.livejournal.com]

What you ought to be most incensed about is that about 75% of the monies you pay out are given to defense and the social security debt. The actual amount of your contribution to social programs is really tiny. THe government isn't taking your money and giving it to other people - mostly, they're giving it to Halliburton, Lockheed and other major corps that give us "peace of mind".

(unless you own a house, none of your taxes pay for schools or public transportation and a very small amount goes toward social/civic programs - that's is all state and local and property tax)