I still have a hard time seeing how a fully regressive tax is a good thing. BPV tried to work on me, but I think that I'm too brainwashed to see it. I think that it is because when I think of a sales tax, the tax is effectively much higher for lower wage earners who spend all of their pay check than higher wage earners who do not. Of course, consumption eventually comes...and this is the linchpin I suppose...but I still haven't converted.
I think that you may have missed his joke about not paying taxes being a prerequisite for a successful Treasury secretary...or perhaps you caught it. I thought it was a good piece of sarcasm followed up by a nice jab at Geithner.
I think that you may have missed his joke about not paying taxes being a prerequisite for a successful Treasury secretary...or perhaps you caught it. I thought it was a good piece of sarcasm followed up by a nice jab at Geithner.
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