Thread: Economics The Fiscal Cliff Approacheth
View Single Post
Old 11-24-2012, 10:18 AM   #220
BucEyedPea BucEyedPea is offline
Frazod Loves Hammy
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $89823
Quote:
Originally Posted by BigRedChief View Post
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.
Estonia handled its fiscal cliff and revived their economy by keeping down their income tax (taxing production) and slightly increasing its consumption tax.
__________________
"“Perhaps one of the most important accomplishments of my administration has been minding my own business.”" — Calvin Coolidge
Posts: 53,233
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote