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New Mexico | actually.
Run some numbers and you'll see an actual increase of govt revenue at 2% sales tax.
Reason is that dollars spend or turn approx 7 times.
What you may have failed to note is that the National Sales Tax would replace the current tax code, thus no supposed tax incentives are needed for new equipment.
If they cannot afford 2% tax at purchase of big ticket items, then they truely cannot afford the item either.
It's more of a "cash on cash" idea, perhaps would cause more equity vs debt in a system that is definitely on that track anyway.
Another way for the feds to raise dough is simply do some Land lottos. Feds own approx Half of All land in the usa and cannot manage it.
Heck lotto 10 million acres per year out at say a $2,500 to $4,000 per acre lotto draw rate and that should create some real econ action.
500 million acres lottoed out over 50 years and the feds still would have approx 1 billion acres left.
Just throwing out some ideas here.
Fact is the usa could break itself.
Everyone is special...they all need a supposed tax incentive plus a few other subsides ...well because they are special. hmmmm.
Incoming govt revenue is currently only Half of their debt burn rate.
Within 5 years that incoming revenue is only 1/4 of their debt burn rate.
Even to big to fail govts with LOTS of special entities might have a hard time spending double what they take in now trending to spending $4 while taking in only $1 to offset that within 5 years.
Tick tock, goes the clock. That simple.
Edited by Markwright 12/24/2009 01:19
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Guillibility-Politics Love a Patsy-The Possible Next Shoe to affect Production
