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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Knighty Tin who wrote (24520)1/12/2005 6:25:45 PM
From: KyrosL  Read Replies (1) of 110194
 
What about a hefty sales tax that excludes basic goods such as food and medicine and the first X dollars of rent/utilities?

Not only will it solve the problem of the underground, untaxed economy, but it will greatly simplify the tax code and even the playing field with the EU and other countries that directly or indirectly heavily tax consumption, and thus induce hefty savings rates and trade surpluses.
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