On Tue, Apr 26, 2011 at 2:07 PM, Jerry Milo Johnson <[email protected]>wrote:
> > And I don't know that it would provide much disincentive to purchases, > as most purchasing by lower-income groups is NOT discretionary, and > discretionary spending by upper income folks is not going to be > impacted by taxes, as they don't even seem to be impacted by price. > Boy I don't know about that. I mean, we're talking about making up ONE THIRD of federal revenue. That's more than just a few cents extra on every purchase...i think we're talking significant percentage cost increases on all items, not just discretionary spending. We could make the argument that it all evens out. I mean, if I get to keep 15% more of my income, then I should have more money to spend on items which have become more expensive....but I'm not sure if the psychology of consumerism works that way. And I think it's not necessarily true that upper income folks don't care about price. Some of the cheapest people I know are rich :) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:336858 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
