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 : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (30150)	5/4/2010 10:46:13 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 103300

Re: [considering that it would hit the wealthy less then middle class and poor.] "How is that? Don't the wealth also buy things?" Sure they do! But, as a rule, the wealthy derive a greater portion of their income from investment earnings (cap. gains taxed at a preferential rate compared to their income tax bracket), and the wealthy generally SAVE a higher portion of their incomes then the poor do (thus: a lower portion of said income goes into CONSUMPTION... which is what consumption taxes like the VAT are levied on.