Comments on: Consumption versus income tax http://www.democracyforvancouver.org/2007/12/05/consumption-versus-income-tax/ Politics of the People Fri, 16 May 2008 03:28:04 +0000 http://wordpress.org/?v=2.5.1 By: eric smith http://www.democracyforvancouver.org/2007/12/05/consumption-versus-income-tax/#comment-42964 eric smith Wed, 12 Dec 2007 04:08:57 +0000 http://www.democracyforvancouver.org/2007/12/05/consumption-versus-income-tax/#comment-42964 This is not a reform it is a deform. As has been repeatedly reported it puts the highest burden on the poor; and if you give people "prebates" (basically a government payment in advance of the taxes that would be paid by a poor person) the burden then goes straight to the middle income; it greatly reduces the taxes on the rich. Here's an idea - lets abolish all taxes except ...the property tax.We can raise that to about 10% per year and pay for everything that way. Or is that your scared cow? This is not a reform it is a deform. As has been repeatedly reported it puts the highest burden on the poor; and if you give people “prebates” (basically a government payment in advance of the taxes that would be paid by a poor person) the burden then goes straight to the middle income; it greatly reduces the taxes on the rich.

Here’s an idea - lets abolish all taxes except …the property tax.We can raise that to about 10% per year and pay for everything that way.

Or is that your scared cow?

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