- Mar 26, 2003
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exluding the basics doesn't necessarily make a sales tax a flat tax. its most likely to be regressive or progressive. and yes, there are people who just sit on money and will take it to their graves and never spend it, where do you think inheritances come from?
I would not worry about rich poeple not spending any money, if they don't then their kids will when they die. But most importantly we should make no exceptions to the rules (that is were bureaucracy and politics come from), lets just keep the nessary basics tax free, and tax everything else including goods that are bought overseas, and then imported.