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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (3132)	5/26/2015 9:07:17 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26769

I agree, and as I wrote to Steve, having multiple sources helps capture some from everyone the retired rich pay sales taxes and probably high property taxes if they live in a nice home. The drug dealers and off-the-books beauticians, plumbers, household helpers, etc. pay sales taxes and probably some property tax for where they rent or a more modest home. The workers pay taxes for roads to get them to their jobs, police to protect them etc... Taxing ANY of these groups tends to mean we get less of it... less rich people retiring here rather than a lower or zero tax state less people working extra hard to improve their lives since the return on the incremental dollar after paying both sides of payroll tax plus state and fed taxes makes it half as rewarding as being off the books. Tax workers... Dwight Howard picks Houston rather than Golden State so he doesn't have to pay the 13.2% tax on his multi million salary in Taxifornia.... Hope your friends and family are OK in Houston. Sounds like you will sell a lot of new cars with so many destroyed.

To: robert b furman who wrote (3132)	5/26/2015 11:39:02 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 26769

<<<<< The underground economy that the government misses is huge and the tax could be much smaller than most anticipate.>>>>> Thanks for the comments! But you do not miss taxing the underground economy with a sales or VAT tax. Part of the greatness of it. Even if you exclude food and medicine - as Washington State does - I will admit it is a regressive tax. ........Consumption; I am not a fan of keynesian type spending where consumption is pushed upward. In a global economy it is inefficient. Throwing bushels of money into an economy where the consumption is likely to be in China or Germany or Canada - is just nuts. Besides the world cannot afford to offer a standard of living as rich as we have.