Re:Inheriting is becoming nearly as important as working
by reacharavindh on Sunday March 02, 2025 @08:37AM
(#43230368)
As complicated as this would be to implement, it is only solution I think sounds like a fair policy to discourage getting filthy rich while lifting the poor to a better economic balance.
Although, I have a feeling the filthy rich would simply choose to spend elsewhere where the consumption taxes don’t exist or are lower…
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Re:Inheriting is becoming nearly as important as working
by quantadev on Sunday March 02, 2025 @10:01PM
(#43237847)
It's easy to implement, because sales tax already exists in every state but 5 right? So it's already all built-in to the Point-of-Sales software, banking, finance, etc.
Insofar as simply "choosing to spend elsewhere (outside USA)", somehow sales-tax is something people find difficult to avoid already right? We're just talking about increasing existing sales tax amount, and then eliminating all Federal tax.