Then I should be exempt because I don't need reminding. Look, the NRST is a big rip-off for anyone with savings. They paid taxes earning and saving their wages, now they'd have to pay taxes on spending them too.
Listen to Willie Green-- he's right.
OUCH
[oops, sorry, I just fell off my chair]
I think that's the main advantage of the NRST. A big red "25% Federal Tax" at the bottom of every receipt would do wonders for lower taxes and lower spending.
The big disadvantage is that the income tax would likely come back and we would be stuck with both. I could only support it with a concurrent constitutional amendment repealing the income tax. That would be hard to accomplish.
If you got your NRST it would last a year or two alone and then they would reinstall a small "temporary" income tax ... to fix the deficit.. doncha know. The reinstated income tax would only on the rich... Say 5 percent.. then over the years get the income tax back up to 40 or 50 percent and 80 percent of the population.
The question is not are we going to have an NRST or an Income TAX. The question is, are we going to have BOTH and NRST AND an INCOME TAX..
The problem is public attitudes toward taxes.. not the kind of tax.