Quote:
Originally Posted by sjkted
Here's some food for thought. Sales tax is a tax on the merchant. The money comes out of the merchant's bank account and goes straight to the state. The merchant is responsible for paying the tax and is responsible for the necessary paperwork. The state does not require that the merchant pass the tax onto the customer. But, wait where does 100% of the company's revenues come from? Unless they are government subsidized, all of it comes from the customer. And even if they were subsidized, it would still be coming from the taxpayer.
In other words, this is a proposal for a tax on you and me and anyone else who uses money and has a bank account.
You may choose as you wish. If you vote yourselves into slavery, at least don't say nobody warned you.
--sjkted
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Nearly all wealth is generated by our endevour and then it moves around, but mostly returns to the center. This is a way of getting some of it back out to the periphery (see Soros)...One big upside to this is that it isn't a people tax in the sense that the bankers won't be able to avoid it...It is a transaction tax...Ultimately if you think that theoretically they will pass the cost back to us...Well you can say that about all tax...Ultimately we pay and in that sense this is no different. But personally I'd rather increase banking tax then higher taxes on goods etc...
What ideas would you implement regarding tax?