"Consumption" taxes are inherently unstable

Current Events » in reply to As for taxes, I have my own issues with Cain's specifics, although his principles are right.

RobVG — 10/15/2011 1:11:00 AM (archived)

With a sales tax, government revenues will dry up during a downturn in the economy. People simply tighten their belts leading to a drop in retail spending.

Our state only has a sales tax and legislators are jumping through hoops to keep the state on budget.

The whole thread (13 posts)

9-9-9 = a bigger piece of your pie - Eri - 10/13/2011 6:42:44 PM
- Re: 9-9-9 = a bigger piece of your pie - bowser - 10/13/2011 8:21:44 PM
  - Re: 9-9-9 = a bigger piece of your pie - TB - 10/13/2011 10:41:50 PM
    - Re: 9-9-9 = a bigger piece of your pie - Eri - 10/14/2011 12:52:22 AM
      - Re: 9-9-9 = a bigger piece of your pie - TB - 10/14/2011 1:39:59 AM
  - Re: 9-9-9 = a bigger piece of your pie - bowser - 10/13/2011 8:23:00 PM
- As for taxes, I have my own issues with Cain's specifics, although his principles are right. - TB - 10/13/2011 7:32:03 PM
  - "Consumption" taxes are inherently unstable - RobVG - 10/15/2011 1:11:00 AM
    - Re: "Consumption" taxes are inherently unstable - TB - 10/15/2011 1:51:53 AM
      - Re: "Consumption" taxes are inherently unstable - RobVG - 10/15/2011 5:28:31 PM
        
        Re: "Consumption" taxes are inherently unstable - TB - 10/15/2011 5:42:55 PM
- And yet Cain is currently very popular among Tea Party supporters, conservatives, and Republicans in the South. - TB - 10/13/2011 6:54:12 PM
  - Re: And yet Cain is currently very popular among Tea Party supporters, conservatives, and Republicans in the South. - bowser - 10/13/2011 7:17:42 PM

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