posted on Sep, 16 2010 @ 09:49 AM
I think it might be an alright idea, with exceptions for food and medications.
I have a question, and maybe I didn't read it well enough; when it says Transactions, does that mean that when I wire money to another account that I
am charged one percent for those transactions? Or is it simply buying things? Would it apply to buying stock?
Also though, wouldn't this just be added to state sales taxes? States need money too, so I am guessing that this would just add on to the state sales
Anyways, sales taxes are on the surface 'flat' but in reality regressive, because poorer people spend a higher percentage of their income buying
things. It's not that they buy more than rich people, but that they have to spend a higher percentage of their money buying essential things. (Think,
clothes, kids' school supplies, etc, and of course food but that has no sales tax.) Whereas the rich have a lot of money but they use it to invest in
stocks and the like, meaning they are not subject to sales tax for nearly as many of their purchases. I would say I like the idea of the National
Sales Tax if it applies to transactions such as buying stock too, because that is the only way it will really be fair. If it doesn't apply to
anything but buying stuff at the grocery store, then it is adding a burden to poor people and really not getting any money out of the rich people, and
I wouldn't support that.