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Old 07-02-2008, 12:15 AM
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Quote:
Originally Posted by Oregon Elephant View Post
Then we hit the debate, of where is the line between "large" and "not large". Take "large" houses for example, what is the barrier that makes a house "large"? Is it 3,000 sqft? Is it 4 or more bedrooms? Obviously, to someone living in a studio apartment making minimum wage, "large" is not going to be that large. And to someone making six figures with a wife and four kids, "large" may seem very very large.

I like the idea of a spending tax, rather than an earning tax, because it would increase the incentive to earn, and decrease the incentive to spend, thus helping people choose to save their money (which our nation does not do very well).
One of the reasons I support fairtax, to switch from spending to earning/investing/saving.
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