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To: groanup
Creating wealth is more important and the income tax deters that.

And yet the US has more billionaires per capita than any other country - go figure.

1,067 posted on 10/27/2006 8:16:14 AM PDT by lucysmom
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To: lucysmom
"All income groups have seen tax liabilities fall since 2000

In April of 2000, before Bush was President, before the Bush tax cuts, Kotlikoff, the Fairtax economist said the (income) tax rates need to be 25% higher...He also said the sales tax rate (not the phony "inclusive" Fairtax rate) would have to be 43%...But don't worry, he also said the sales tax rate could be reduced by taxing homeowners on the rental value of their own homes...A classic example of an "expanded base".

1,069 posted on 10/27/2006 8:40:16 AM PDT by lewislynn (Fairtax = lies, hope, wishful thinking, conjecture and lack of logic.)
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To: lucysmom
And yet the US has more billionaires per capita than any other country - go figure.

And yet, the misinformation put out by you is amazing. Go figure:

As 2002

in terms of billionaires per capita, the United States is beaten out by Switzerland, Hong Kong and Singapore. Switzerland’s population of 7.2 million includes 13 billionaires, while 12 of Hong Kong’s 6.7 million people are in the club. Singapore comes in third, with 5 billionaires among 3.9 million people. Surprisingly, Sweden comes in fifth after the United States in the billionaires per capita category. Known for its egalitarianism, Sweden nevertheless has six billionaires among its population of 8.9 million.

1,088 posted on 10/27/2006 4:37:20 PM PDT by groanup (Limited government is the answer. What's the question?)
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