Comment Re:Typical (Score 1) 434
The problem would be that total sales tax would be
around 25-30%. Even more incentive to avoid the
tax. People buying stuff off the back of a truck
would be the norm.
If you want to increase prosperity, just go back the
road you traveled to get here: reduce all taxes in
the order that they were increased.
Economic output will increase tremendously. Just
keep reducing taxes until the tax burden is about
8%. Right now it is about 60-80%.
Laffer Curve: http://www.google.com/search?q=Laffer+Curve
around 25-30%. Even more incentive to avoid the
tax. People buying stuff off the back of a truck
would be the norm.
If you want to increase prosperity, just go back the
road you traveled to get here: reduce all taxes in
the order that they were increased.
Economic output will increase tremendously. Just
keep reducing taxes until the tax burden is about
8%. Right now it is about 60-80%.
Laffer Curve: http://www.google.com/search?q=Laffer+Curve