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 : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: grusum who wrote (114246)	9/29/2011 7:31:30 PM
From: d[-_-]b	2 Recommendations Read Replies (1) \| Respond to of 224750

a national sales tax would be the best of all possible taxes, as long as every other tax was eliminated We need an amendment to make other forms of taxation illegal first. :-)

To: grusum who wrote (114246)	9/29/2011 7:43:32 PM
From: MJ	1 Recommendation Read Replies (3) \| Respond to of 224750

Sure, I can agree with you; however, the other taxes must go if you are going to a single tax. A National Sales Tax. Of course a National Sales Tax could be cumulative to the point that -------at each step of the way the National Sales Tax becomes a part of the price of the item and is taxed again. George Bush Senior lost on the basis of his promise "Read My Lips No New Taxes". There is still a large portion, the amount I don't know, who do not want 'new taxes' unless there is a change in the total structure. In other words a National Sales Tax could very well become like a 'value-added-tax' where each step of production and consumption is taxed. I believe that Obama would just love to get his fingers on a 'National Sales Tax" ---------just think of all of the people and money he could control-----with promises of more jobs. Just think what a National Sales Tax on an automobile of average $25,000. would be-----------10% would be $2,500 then add to that the State Sales Tax , for discussion sakes-------5%. That would be 15% of the $25,000 or would be $3,750.00 for a $25,000. car in taxes . No thanks no more money to the Federal Government-----------I want the $ to stay local and State and used for the purposes of each State.