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Originally Posted by cschin4
Doesn't anyone hear remember history or recall the "luxury tax"? They tried that exact thing and whom did it hurt?
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Well, the luxury tax wasn't exactly the same as a general consumption tax because it didn't tax all purchases the same. It put a substantial extra tax on items over a certain price and vehicles over a certain weight as I recall. A straight consumption tax, like a national sales tax, would tax everything equally, like 1% on all purchases big or small, cheap or expensive. I'm not sure that would be as big a deterrent to spending as the luxury tax was.
Not saying I support such a tax. Just saying I don't think it is the same as the luxury tax.