taxation

[glatt]

Originally Posted by henry quirk

Implement national and state point of purchase taxes...that is: at every purchase of a product or service there is a tax (say, **15%).

Everyone loses and wins.

In implementation this would amount to a huge increase in taxes for poor and middle class people and a huge decrease in taxes for the wealthy. That's because the poor and middle class live mostly paycheck to paycheck, spending everything that they earn, so they would be taxed on everything. But the rich have extra left over that they can save/invest. The rich wouldn't be taxed on the extra left over. The richer you are, the more you have left over, so you would be paying less and less in taxes as a percentage of your wealth the more wealthy you are.

Your plan would hurt you the poorer you are, and benefit you the richer you are.