Politics
Out of context: Reply #11878
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- ukit0
Now you're just being silly. A VAT is never gonna replace all the money from income, corp and property taxes.
There seem to be two contradictory messages from "fiscal conservatives." One is, the deficit is out of control - I agree with that BTW, you'd be crazy not to. But then the second is this strange idea that we need to eliminate most taxes altogether, or that any kind of progressive tax code (used by nearly every country in the world) is somehow morally wrong.
The problem is that it's almost impossible to square those two points of view. You can solve the deficit issue by raising taxes just by a little bit, but there's no way in hell you can pay down the deficit, while simultaneously cutting taxes a huge amount. So let's be realistic here.
- Yes, the wealthy don't spend most or all of their income on consumption, like the poor do.Josev