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Moneyguy1 Moneyguy1 is offline
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Join Date: Sep 2001
Location: Tucson AZ USA
Posts: 8,228
Chris:

The "rich bastard" who owns the resturant is deriving his or her income the same as the waitress; earning it and not from already amassed wealth. Therefore, the "rich bastard" is technically in the same boat as the waitress; taxed to death. The REAL "rich bastards" the article talks about are those who can afford to play polo every day, winter in the South of France and spend weekends jetting off to the Alps. In other words, THOSE WHO DO NOT HAVE TO WORK AT ALL!!!!!

A national sales tax or a Value Added tax, properly employed, would hit the wealthy where it hurts at least as much as it does the "poor". Nothing would be exempt from the tax, but there could even be "exemptions" for the first (you name the figure) for those with low incomes. Look up the law that Mississippi just enacted re: Medicare to see "compassionate conservatism" at work. Just another oxymoron......
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Bob S. former owner of a 1984 silver 944
Old 06-13-2004, 05:07 PM
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