Reply #2: "double tax," the big lie

[David__77]

All income is "double taxed." Every dollar spent and subject to consumption tax is "double taxed." Money doesn't come into being mysteriously. It's constantly cycling through the economy and transactions associated with it are subject to taxes. Why is "investment" somehow more sacred than consumption. One needs to consume to live. Consumption drives the economy.

There's no automatic valor in savings. What this is really about it penalizing consumption by working people. The aim is to force workers to save in order to shore up the big corporations and Wall Street. That's the aim with privatizing public pensions. The housing market will collapse and then the economy will be up shit creek if they cannot think of a new balloon to inflate.

The sales tax in inherently reactionary. It should be opposed in principle. Taxation of profit is a good think, properly applied. We should use capitalism and entrepreneurs to serve the needs of the people. The state, representing to people, must not allow itself to be used by the private capitalist. This is not an argument against capitalism, per se. It is, however, an argument that profit must be strictly regulated, and the distribution of national product must be as wide as possible, without unduly sacrificing the level of total product in doing so.