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To: LindyBill who wrote (232600)12/25/2007 12:11:52 PM
From: skinowski  Read Replies (1) | Respond to of 794009
 
I like the idea of taxing consumption rather than savings. If you want to own a $100K car, you pay a big tax. A $20K car would cost proportionally less in taxes. Same thing for a $2000 suit vs. $100 suit. Food items should not be taxed at all, or very little. So, in really it is sort of progressive. I think this - on top of a moderate flat tax - may work.



To: LindyBill who wrote (232600)12/25/2007 1:41:47 PM
From: John Carragher  Respond to of 794009
 
there are quite a few laborers and folks who sell products and services that barter or on cash basis to avoid flat tax or consumption tax.. i expect there's a whole underground in EU.

a good example was when the euro was coming in. tons of money was coming out from under the mattress to spend their currency before going on the eu.


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