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Politics : Politics for Pros- moderated
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To: John Carragher who wrote (84448)11/7/2004 6:29:52 AM
From: JDN  Read Replies (1) of 793834
 
I agree, however, as you know the baby boomer expansion is going to cause the ratio of WORKERS to Retirees to shrink putting a difficult burden on the workers to support us in our GOLDEN YEARS. One answer would be to switch to a consumption tax such as VAT. Then EVERYONE would, to the extent they consume taxable items help support us. (now isnt that a nice idea? haha). Plus, as I mentioned before an awful lot of economic activity in this country just doesnt get taxed the so-called UNDERGROUND economy. A VAT unlike a sales tax gets added at the source so its more difficult to hide from. But, I have no problem with a flat tax, I doubt it would start at 45k though, for if it did it would HAVE to start VERY HIGH, maybe even more than 20%. jdn
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