On Wednesday, September 5, 2001 1:35 PM, Larry Lyons <[EMAIL PROTECTED]>
>Yep, tax the poor and give to the rich. Truely a progressive
>taxing scheme.
>
>A General Sales tax would have a much greater impact on those people with
a
>lower income than those with higher incomes. Its a basic concept. Adding
a
>5, 10 or 20 percent GST type tax has a much greater impact if you are
making
>$25,000 per year than if you are making $50,000 or more. Rather than give
>the rich another tax break, how about closing some of the grotesque tax
>loopholes for corporations.
Did you even look at the details of this proposal before pronouncing the
typical Democrat class envy spin?
Start here
http://www.fairtaxvolunteer.org/smart/faq2.html
This is a great plan that would give low income people a better chance of
having a better life. Necessities are not taxed. You get 100% of your
check and only get taxed when you spend on non-necessities. It penalizes
spending, not earnings and savings. The economic impact would be
incredible. Take a look. It makes a lot of sense.
Lee
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