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1/28/2016 1:02:39 AM
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Totally get what you are saying. But then you wind up with only rich people being a part of the demand economy which would hurt....everything.
What you're talking about is a problem with the tax code itself. Where a multi billionaire can write off everything so their actual tax rate is much less than the average.
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You've swayed me on the "spending" tax. I get what you are saying. While it made sense to my brain I guess it would discourage anyone making less than $100K from "really" spending money. Forget about those under $20K. They wouldn't spend a dime. Okay I get it. Thank you. You actually changed my mind on that. Regarding the tax code. That right there is the issue. A flat tax would solve the "bulk" but the heavy lifting is all of the corporate and other tax codes that allow for massive deductions from multinational corporations and millionaire/billionaires. How to solve it though, no idea. Because I firmly am against the death tax. So all these kids who receive millions from daddy I don't think should be penalized because daddy theoretically already paid taxes on all of his earned money.
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Cool man, I wasn't even trying to sway you. Sometimes it seems there's a simple answer but generally it's a bit more complicated. ;)
