On Tue, Apr 26, 2011 at 2:59 PM, G Money <[email protected]> wrote:
> > On Tue, Apr 26, 2011 at 1:53 PM, Jerry Milo Johnson <[email protected] > >wrote: > > > > > Doing away with the income tax seems perfectly tenable to me. > > > > (Doing away with the income tax would just mean taxes would shift back > > to consumption taxes, rather than income and savings taxes) > > > > Doing away with 1/3 of the revenue, not so much. > > > > Wouldn't that create a deterrent to consumption that might prove harmful to > the economy? > > I'm an idiot when it comes to the economy but, it seems to me that an > income > tax is much less likely to convince someone not to earn, than a consumption > tax would be to convince someone not to consume. > > Your still going to buy it if you want or need it, you would think more before buying something. The same jobs are going to go to china anyway, it would in my opinion bring prices down for manufacturing so that the tax wouldn't be as relevent at the register. Don't forget you pay a 30% to 40% mark up on merchandise right now without a consumption tax. He also said he'd vote for something like fair tax but thinks we could do better. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336855 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
