re: #553 Cineaste

I haven’t heard any serious talk about a VAT but, frankly, I would be in favor of one over payroll taxes. It is a consumption tax and thus the rich pay more but only on the things they choose to buy. If you buy a big-ass house, you pay a lot in tax, you rent, you don’t.

It won’t happen but it’s worth thinking about.

In theory I agree with you about consumption taxes.

But if it happens, it will almost surely be IN ADDITION to all the taxes we already have.

A few years ago in TX we actually had a state taxation reform was meant to lower local property taxes by about a third. Except that my bill only went down 20%, and it only took two years for it to get back to where it was before. Like magic almost…

If that sort of thing happens even in severely anti-tax TX, you can be sure that taxes won’t be cut without very great, yea amazing, movement anywhere else in the country!