On Fri, Mar 05, 2004 at 08:22:42PM -0500, Tom Beck wrote: > If you have to increase the sales tax, at least exempt necessities > such as food and shelter. But the initial story posted here indicated > they were going to END such an exemption.
Right. Encouraging savings is a very good idea with the country the way it is now (high debt, high current account deficit, low retirement savings, aging demographics). But savings comes out of DISCRETIONARY spending. Taxing "consumption" is not specific enough. The taxes need to fall on DISCRETIONARY consumption, not all consumption. -- Erik Reuter http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
