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Old 09-26-2007, 08:01 PM  
pocketkangaroo
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Join Date: Jan 2005
Location: Chicago, IL
Posts: 8,452
Quote:
Originally Posted by Spike D View Post
Before you start slamming away, at least take the time to read about what it this is all about White Paper

There would be no income tax, the black markets would be now taxed, and we would be able to say goodbye to the IRS. The biggest obstacle would be politicians, who would lose huge power by being able to manipulate the tax code to special interests advantage. It takes an large amount of power away from the government, which we are in need of..IMHO
But how do you grow an economy that penalizes you for buying new products. People would simply buy everything they can used.

Wouldn't it also just be a cute way of elminating corporate taxes and causing a huge underground economy?

Last edited by pocketkangaroo; 09-26-2007 at 08:03 PM..
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