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Originally Posted by Kadath
It's an organization with 300 million customers and 15 million employees. You're surprised there's inefficiency? I agree that politicians taking junkets to Europe and handing out fat no-bid contracts to their friends is extremely frustrating and should be controlled, but that happens at any company. Human nature makes it inevitable.
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I beg to differ. It may happen at some companies but most, expecially public companies, can't get away with insane waste any more. Only the government can do that because there is no oversight. And if you think there is oversite just look into how many has been wasted with Katrina and Iraq! And the junkets they are taking are paid for by their buddies to purchase influence. That's the point that waste and no oversight begins.
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Originally Posted by dirtyrascal7
Well, it would certainly have an effect on poor families with lots of children. Instead of being able to deduct income tax for each children, it seems to me they'd end up paying more taxes because of the sheer amount of stuff they have to buy to support a large family.
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Why does a poor family feel entitled to have more children than they can afford? I don't buy more than I can afford.
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Originally Posted by Kadath
Bottom line, there's no way a national sales tax can be implemented so that it's best for everyone. The wealthy spend a much smaller portion of their income than the poor or middle class, so it would lead to them becoming richer, and sharing a smaller portion of the tax burden than they do now. If you're for this plan, you're either wealthy or think you will be some day. Odds are you won't. But we thank you for buying into the American dream.
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The wealthy may spend less of a percentage of their income than others do but they still spend a hell of a lot more than the typical person spends. On top of that, they have enough money to use all sorts of tax shelters. I suspect they'd actually pay more taxes if they paid on what they spent rather than an income tax on their adjusted gross income. Look at Britany Speers. She's almost run through 200 million, or Jackson who is almost bankrupt and had to sell his Beatles collection.