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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: KyrosL who wrote (24524)1/13/2005 9:17:47 AM
From: Knighty Tin  Read Replies (1) of 110194
 
That is part of the Bush solution and it is one of his few ideas that is not totally stupid. I don't know if it would work or not. No matter what we do, including nothing, somebody's ox is going to be gored. I just don't want any phony labeling. Value Added Tax my arse. What value is ever added to a product by a tax? <G>

The objections I see is that any extra sales tax would be a drag on commerce. That is the idea, to encourage saving. But I can envision a lot of retailers not being fully behind that idea. And, of course, it is regressive, like Social Security, as the poor spend a greater percentage of their paychecks than do the upper middle class.
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