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A national sales tax is the only and the perfect solution to a huge trade
defecit that is getting worse and a negative savings rate .. the problem is
that the average american has begun to equate the pursuit of happines with
the freedom to shop without the impediment or deterrent of high sales taxes
so the whole idea sells like chunks of coal in Washington (a surefire way to
lose the next election) .. a very sad story really
----- Original Message -----
From: "William Wood" <wrwood@xxxxxxxxxx>
To: <cpbow@xxxxxxxxxxxxx>; "Tom Bowen" <trbowen@xxxxxxxxxxxxxx>
Cc: "Lamont Cranston" <strategies@xxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Sunday, April 09, 2000 5:18 PM
Subject: RE: Stop paying taxes/constitution/Sales tax instead
> What do you gals/guys think about a national sales tax instead of an
income
> tax. I like the idea. First a sales tax eliminates the IRS totally and
> saves the huge collection and compliance expense we now face. A point of
> sale collection system could funnel sales tax to state and federal
> authorities and eliminate all that hassle. Second the undergound economy
> would now be taxed at the point of sale. The combined savings between the
> elimination of the IRS and the elimination of the presently untaxed
> underground economy would probably permit a material tax cut. This plan
> also eliminates the current tax bias against savings. You could make all
> you want and save all you want tax free. You could control your tax
> liability to a certain extent by choosing when and how much to spend.
>
> Bill Wood
>
>
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