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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (108254)1/26/2012 5:09:30 PM
From: mel221  Read Replies (1) | Respond to of 149317
 
>> 1) tax spending: taxing income puts a disinsentive on earning money; why don't we tax spending so those people who spend a lot like the rich will pay more in taxes

MM. Completely agree about taxing labor. That is a huge factor in driving jobs overseas. The whole social safety net is financed on the backs of workers.

Also, the spending tax will help generate federal revenue from the underground economy. Eventually, the money will buy something.


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