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 : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (43559)	3/12/2001 3:24:13 PM
From: Sam Citron	Respond to of 70976

why not progressive sales taxes based on ability to pay, so when you buy the mercedes you pay 39.6% while the average Joe pays 7% As I think about it, a consumption tax such as European or Canadian value added tax, might not be such a bad idea. Perhaps instead of taxing different income classes different rates of consumption tax, which might be burdensome to administer, they could simply tax "luxuries" at a higher rate than they tax necessities. Perhaps Ian, or one of our other friends from a country which imposes a VAT might tell us how their system works. You must forgive me, Mike, but I haven't the faintest idea what you are talking about with regard to the State of the Union address. Sam