1st) Isn't the tax regressive since low and middle income earners spend more put together than the rich?
2nd)Doesn't such a tax discourage saving and investment for low and middle income earners more than higher income earners?
3rd)Doesn't the national sales tax create a bias AGAINST investing in the US? If stock is purchased in another country for instance; it is not hit with the sales tax.
2nd)Doesn't such a tax discourage saving and investment for low and middle income earners more than higher income earners?
3rd)Doesn't the national sales tax create a bias AGAINST investing in the US? If stock is purchased in another country for instance; it is not hit with the sales tax.