i'm generally very interested in the potential of a consumption tax, but i don't the the "fair tax" is the right way to go. my fiance was telling me about somewhere that has a sales tax only on items over $100 in value. that seems pretty nice. it seems to be inherently a luxury tax, at least to some extent. now, i'm no expert on taxation, and i don't know if an added bill to $100 qualifies or only individual items over $100. perhaps someone knows what i'm talking about.
being a socialist, i believe one of the functions of government is to create a society in which no one goes without, even if it's not "equitable". there will probably always be people who have "more". but everyone should have "enough". i think the best way to do that is a loop-hole free luxury tax. this should apply to large or high-earning companies, and individuals.
the problem is that instead of deciding what tax system we want, we debate whether the crappy ones our congressmen come up with are sufficient.
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