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In reply to the discussion: What would the flat 30% "consumption tax" do to people on Social Security? [View all]Chainfire
(17,757 posts)22. Of course it would wreck the economy; that is the point.
The ink would not be dry on the law before the wealthy were writing exemptions. Living primarily on SS, it would be like getting a 30% hit on my total income. The greatest impact would be on the people who were already living on the edge.
Why not just a 50% tax on luxury items, like that second home, or that 150K car?, or on an income over 500K? Boy that would raise a stink! We are watching the Republican party making a run at destroying the economy so that their donors can come in and buy up everything. It is not Fascism as much as feudalism in the making.
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What would the flat 30% "consumption tax" do to people on Social Security? [View all]
Ferrets are Cool
Jan 2023
OP
There is NO wash here. It is so fucked up that ONLY a repug could think of it.
Ferrets are Cool
Jan 2023
#50
Grocery food is exempt from sales tax in Iowa, as are a number of other items.
rsdsharp
Jan 2023
#37
Yes, of course and replaced by progressive sales taxes that do not hurt the poor or middle class.
CTyankee
Jan 2023
#35
We have a dedicated tax for gas in CT. Taxes are used to highway maintenance and improvement I
CTyankee
Jan 2023
#46
Imagine there's a study showing benefits to moving car steering wheels to the right side.
Girard442
Jan 2023
#29
They get a far better social safety net and housing is about 50% less than in the US
bucolic_frolic
Jan 2023
#15
There were articles here on DU last spring or summer comparing EU and US housing
bucolic_frolic
Jan 2023
#31
If houses in Europe and the UK are 50% cheaper than the US, that means average cost here is $732k
MichMan
Jan 2023
#43