UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: herd Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: The Great Debate Date: 10/26/1998 10:23 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement