Thread: Economics The Fiscal Cliff Approacheth
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Old 11-24-2012, 11:02 AM   #219
BigRedChief BigRedChief is offline
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Quote:
Originally Posted by patteeu View Post
I don't generally like targeted taxes like this, but taxing consumption is a lot better for our future economy than taxing production, IMO, and if there's one area of consumption that's been subsidized in a non-transparent way over the past few decades, it's petroleum products (via our big security investments made to keep oil flowing globally).
I haven't read anything lately about consumption vs. production tax revenue. But, what I have read about consumption taxes were that they were unbalanced and unfair compared to benefits.

Basically, it's easy to build a highway road and pay for it with a toll. It's not so simple for city and county roads, food, clothes, water etc.
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