g5000
Diamond Member
- Nov 26, 2011
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Incorrect! The rich would definitely pay their "fair share"....The tax would be roughly 23% on everything consumers buy.I'd fight it because the rich wouldn't be paying their fair share. If lower taxes really led to more jobs, sure. There's just no evidence that that's the case.
Buy a $3,000,000 (tax included) yacht...pay $460,000 in tax! You sound as if you think the rich will stop buying the expensive things that the poor cannot afford.
The prices of almost everything would remain about the same as they are when the change begins. Imbedded taxes would go away...to be replaced by the 23 percent tax that would be included in the price of things.
But, if the yacht is bought from a private owner then they would not be taxed on it. If instead of buying a new yacht from the manufacturer for $3,000,000, they bought a $3,450,000 yacht from their neighbor they can save $10,000 and presumably get a better yacht.
Immie
Now you are really reaching and becoming disingenuous. Do you think no new yachts will ever be made again?