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How comfortable are you?
with the fact that any country will be able to transfer their bad assets to an American bank and they will be covered by the bailout?
Republicans tried to get that removed but it didn't happen.
5 AnswersPolitics1 decade agoWhy doesn't anyone push for a national sales tax? If we abolish the income tax and amend the constitution so
they can never reinstate it, I think it would solve a lot of problems.
1. If you don't make much money you usually don't spend much and that means you pay less taxes.
2. If you are wealthy and buy lots of stuff then you pay taxes with no loopholes.
3. If you are a drug dealer or some other illeagal and don't pay taxes at all, if you buy, you pay taxes.
4. If you only take cash in your business so that you don't have to report it, if you buy, you pay taxes.
5. If you are paid in cash and don't report your money so you don't have to pay taxes, if you buy, you pay taxes.
How is this not a win/win situation for all of us? People who have a lot of money spend a lot and would pay more taxes. Those who don't have as much will spend less and pay less taxes.
I'd like to know your opinions on this.
9 AnswersGovernment1 decade ago