Wednesday, May 27, 2009

Policy Makers Thinking About a National Sales Tax

Is it time for a national sales tax? From what I have seen, I think a flat consumption tax is a better system then the income tax system we have now. A consumption tax penalizes spending instead of penalizing saving as the sales tax does. Here is the important distinction between what I am thinking and these policy makers. I favor a consumption tax over the income tax; read either or. The policy makers are thinking about instituting a value added tax without first getting rid of the income tax; read and.

What this looks like to me is just increasing taxes anyway they think they can get away with it. It will be a huge mistake.


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