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Investing/Strategies / Retirement Investing
|Subject: Re: The Great Debate||Date: 10/26/1998 10:23 AM|
|Author: herd||Number: 6286 of 77203|
zgriner writes:...What is the rational behind taxing wealth at all? Can you eat money or possessions? NO! Tax
consumption. Get rid of the loopholes. Then, the more you buy or use, the more you pay.
herd adds: Yeah!! Get rid of all taxes except consumption tax/national sales tax. We can offer tax relief to the poor by exempting basic food stuffs from the tax,ex:bread, milk, eggs,unprocessed meats; no tax and restruant meals, frozen dinners, ready to eat processed foods; taxed.
Think of the savings from eliminating most of the Social Security staff and most of the IRS. No tax forms to work through, just pay at the register as you buy!
No loop holes. Kinda tough on tax specialists, their services would be unneccessary. Aaahhhh.
Just a thought...........herd
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