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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
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To: robert b furman who wrote (3132)5/26/2015 11:39:02 PM
From: Steve Lokness  Read Replies (1) of 26768
 
<<<<< The underground economy that the government misses is huge and the tax could be much smaller than most anticipate.>>>>>

Thanks for the comments!

But you do not miss taxing the underground economy with a sales or VAT tax. Part of the greatness of it. Even if you exclude food and medicine - as Washington State does - I will admit it is a regressive tax. ........Consumption; I am not a fan of keynesian type spending where consumption is pushed upward. In a global economy it is inefficient. Throwing bushels of money into an economy where the consumption is likely to be in China or Germany or Canada - is just nuts. Besides the world cannot afford to offer a standard of living as rich as we have.
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