Sales taxes punish peoples that don't have the luxury of accumulating wealth. If the tax is too low, the rich will get richer as the tax will represent a very small ratio of their income. If it's too high, the poor will be poorer as they won't be able to afford the tax. It's an unfair tax IMHO and should be abolished for all items except maybe some luxury items.
I don't object to accumulating wealth to serve as a backup for ourselves or our childs, but there's a limit. When I hear about multi-millionaires, I wonder why on Earth do they need all that money for themselves.
>I don't disagree with those statements, but that doesn't mean I should be taxed based on how much I earn. Sales taxes, corporate taxes, federal use fees, tariffs, etc can all be used without punishing people for successfully accumulating wealth. Wealth building through investment and savings should be encouraged.
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