- 30 Apr 2022 14:53
#15224819
Unless said business say's something Republicans don't like. See Disney in Florida. Which is interesting for people who claim free speech is sacrosanct.
In effect, Republicans today behave like the mafia as opposed to trying to take care of their constituents. It's about what you as an individual or company can do for them personally, and not what they can do for (collective) you.
Yea, this is something I've been thinking about since I was in college and first heard of the fair tax (which has limited support amongst mostly right wing types, I don't believe left wing types support this at all).
It seems like focusing taxation on consumption would in effect, create a progressive tax system (which is what the current income tax system tries to do). Naturally, people with more money, tend to spend more.
The other benefit of a consumption tax is that even people who earn money illegally (drugs, guns, prostitution, whatever) will also get taxed, since they have to at least occasionally buy stuff too.
I wonder if any economist have done deep analysis on this sort of setup. The fair tax if I recall right, also makes sending up to poverty line levels free (everyone gets tax credit/rebate equal to the poverty line income level, even unemployed).
Drlee wrote:Always expect a Republican to be pro business.
Unless said business say's something Republicans don't like. See Disney in Florida. Which is interesting for people who claim free speech is sacrosanct.
In effect, Republicans today behave like the mafia as opposed to trying to take care of their constituents. It's about what you as an individual or company can do for them personally, and not what they can do for (collective) you.
Drlee wrote:I am all about a vat. A tax on spending makes far more sense than a tax on income.
Yea, this is something I've been thinking about since I was in college and first heard of the fair tax (which has limited support amongst mostly right wing types, I don't believe left wing types support this at all).
It seems like focusing taxation on consumption would in effect, create a progressive tax system (which is what the current income tax system tries to do). Naturally, people with more money, tend to spend more.
The other benefit of a consumption tax is that even people who earn money illegally (drugs, guns, prostitution, whatever) will also get taxed, since they have to at least occasionally buy stuff too.
I wonder if any economist have done deep analysis on this sort of setup. The fair tax if I recall right, also makes sending up to poverty line levels free (everyone gets tax credit/rebate equal to the poverty line income level, even unemployed).
Last edited by Rancid on 30 Apr 2022 14:57, edited 1 time in total.
I can think of 11780 reasons Trump shouldn't be president ever again.