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Politics : Formerly About Applied Materials
AMAT 260.77+0.2%Dec 24 12:59 PM EST
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To: Fred Levine who wrote (67273)1/10/2003 1:21:12 AM
From: Sam Citron  Read Replies (1) of 70976
 
Fred,

Let me see if I understand your position. You seem to be against corporate taxes, but are in favor of capital gains, inheritance taxes and progressive income taxes. Where do you stand on sales taxes and excise taxes (e.g. tobacco, alcohol, gasoline)? What would you think about a value added tax on consumption, rather than taxing income and capital gains? Some might say that the consumer is the last bastion of the economy, and we should do everything we can to stimulate rather than tax consumption. But the burden of taxation must fall somewhere if we are to pay for essential governmental services. VAT may be one of the easiest taxes to collect while not creating harmful dislocations in the economy. Perhaps our friend in Monaco will tell us how they pay the police if there are no taxes whatsoever. I assume they have the usual 20% VAT for most items.

Sam
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