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Originally Posted by buzz2  Quote:
Originally Posted by pseudonous Quote:
Originally Posted by buzz2 ...Everyone would pay a 23% sales tax that is already embedded into the prices of all goods and services. The more you spend and buy, hence, the more you would pay. So, if you don't buy alot, you won't pay alot...QUOTE]
I like the idea of a flat tax but I think there might be a problem with just a sales tax. What I am thinking is that the wealthier people invest a larger percentage of their money than poorer people. I would guess the 23% sales tax would not apply to buying stocks as it would make stocks prohibitively expensive. Yet, without a tax on earned income from investments the wealthier people would make a killing and the gap between rich and poor would widen.
Does the "fair tax" address this issue? | What's wrong with wealthy people making more money? The less fortunate people can invest just the same as the wealthier can. Maybe not so much in the beginning, but they can do it. The poorer folks only limit themselves. Just don't eat out as much. Get a cheaper cable tv plan. Get a cheaper cell phone. You just have to learn to cut corners and budget your money a little wiser. Then, use those funds to invest in your future. I see no problem with the rich getting richer. Everyone in this country has the same oportunities to make their lives more comfortable. If I can do it, anyone can. Don't resent the rich for making money. Capitalism is a wonderful thing. |
Maybe for a middle class person, but for people living in poverty, it doesn't quite work that way. IMO, the percentage gap between wealth distribution doesn't need to get any larger. Take a look at these statistics, and see for yourself. http://www.globalissues.org/TradeRelated/Facts.asp |
So now it's OUR responsibility to take care of the whole world too? And who pays for that? It's not enough that we have our own nation to worry about, but now, it seems that you think it is up to us to shell out even more of OUR hard earned money. Where do you draw the line? Why don't YOU just give YOUR paycheck up and let me KEEP mine. Let ME decide which charity I want to give to. Not you or the govt. You are so quick to want to take and give away other peoples' money. You know,.. we can't fix everything. So stop trying to dip into MY pockets to help support YOUR causes. As I mentioned before, EVERY PERSON in THIS COUNTRY has the same opportunities that I have to make a good life for themselves. They just need to get out of that mind set that the govt. owes it to them somehow. Or that resentment of the more wealthy than they. Most wealthy folks had to EARN what they have. Do you mind giving away your money? If not, then you can send it to me. I'll put it to some good use.