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0 sats \ 0 replies \ @Solomonsatoshi 28 Feb \ on: A Few Thoughts About Replacing the IRS with Excise Taxes and Tariffs econ
Removing taxation on Capital Gains benefits the wealthy far more than the poor.
Taxing everyday consumption via sales tax and tariffs impacts the poor far more than the rich.
Much higher sales taxes increases the incentive for businesses and consumers to make cash sales to avoid them.
Sales taxes are a tax on value added- ie a tax on productive enterprise.