Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: kvkkc1 who wrote (55872)	11/1/2000 1:16:18 PM
From: Frank Griffin	Read Replies (1) \| Respond to of 769670

The underworld have to and want to buy things from legitimate businesses. Therefore, they would have to pay taxes on their purchases. And, they are big spenders. Also, the foreign tourist would get caught in the net like we get caught in theirs with the Value Added Tax. The real danger is the one you put forth of coming back and reinstating an income tax. Then we would be double dipped again.

To: kvkkc1 who wrote (55872)	11/1/2000 3:37:28 PM
From: Joseph F. Hubel	Respond to of 769670

<How would a consumption tax stop illegal activity? Do you think drug dealers and hookers would collect and pay the taxes on their sales?> ************ Sorry if you missed the point from lack of clarity. There was no claim that the tax would STOP crime only that when the proceeds from illegal or under the table activity were spent, a tax would be collected. Even hookers need some clothing. Under a flat tax, ill gotten gains and under the table income would still escape taxation. JFH