Reply #18: Not true mate, study european VAT and get real

[sweetheart]

The consumption tax is a libertarian idea, not bush... he has simply
repeated it. There is no tax on food, medicine, printed material,
charitable contributions and life-staples.

It effectively achieves a zero-tax rate for those poor who only
purchase "needs". For those who want new cars, yes indeed, it is
when you waltz in to the dealer that you pay what you now pay
in income tax today. There is a difference however. There are
no forms, no billions wasted on IRS employees, no tax courts and no
system of tax advisors who suck the life out of an economy without
putting in any value.

On top of that, it is in your interests, given such a system to
not spend the money, as if you don't buy an "accord" you get to keep
ALL your earnings. Given that americans savings levels are way below
what will be needed to support us during retirement, this is a good
thing. Increasing the "savings rate" will put more money in to your
retirement where we are dangerously short as a society.

People are living longer, Social security is all but bankrupt and
based on a population assumption that is patently wrong. Radical
tax measures are indeed in order, and it is time democratic people
started thinking of their response to this move by Mr. Bush... an
intelligent response rather than this knee-kerk tripe.

Best would be to take the idea and make sure that people know that
it is not a neocon idea at all, but something that economists have
suggested for years as the smartest way to cure the ills of the
us tax system and its economic results.