On Mon, 07 Jun 1999 06:40:33 -0500 Chuck Kuecker <firstname.lastname@example.org>
>Let's scrap ALL the taxes, and the bureaucracies that go with them -
>replace with an universal sales tax
Historically, people cheat when it gets much above 10% of the sales price. The U.S. gov currently takes about 51% of my corp's budget, as allocated to human resources expenses, after all taxes, sales taxes, etc. are paid, assuming that the employess spend it all, and save nothing.
This is why the VAT was invented: To hide the sales tax.
I favor a single tax on real-estate, because protecting real-estate is the only value that I'm certain that only government could create. Also, this tax therefore cannot punish consumption by poor people, and only punishes relatively well-off land-owners. At the same time, it punishes inefficient use of land.
>Any budget surplus should either be refunded to the people . . .
Period, in my opinion. I want to keep the interest on my _own_trust fund, thank-you.