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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: PerryA who wrote (13908)	9/24/2003 4:32:41 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 306849

let's say a consumption tax was 20%. a poor family spends ALL their income on stuff. their tax rate would be 20%. say steve forbes spends only 1% of his income on "stuff" and invests the rest. his tax rate would be 0.2% that isn't "equity" in my book.

To: PerryA who wrote (13908)	9/24/2003 4:49:25 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<And so why not instead tax the "stuff" and not the income? >> Not sure what you mean here. "Stuff" is taxed....big time, by all levels of government. Real estate, automobiles, boats, plane tickets, hotel bills, phone bills, liquor, fancy cuban cigars....just about everything the rich consume more heavily than poor folks. Not being too rich myself, I did just return from a lengthy trip down South (Atlanta and a couples places in between) and had to, for convenience, stay in some fairly expensive hotels. Those room taxes were annoying.