Current Events — HabitableZone

Current Events » in reply to It's one of many facts.

That includes increasing taxes on consumers

With Cains "tax the slackers" plan, you'll see a drop in consumer spending which is what fuels the economy. Slackers are no slouches when it comes to spending.

The Bureau of Labor Statistics data suggests that consumer spending varies much less than income. In 2008, the “poorest” one fifth of Americans households spent on average $12,955 per person for goods and services (other than taxes), the second quintile spent $14,168, the third $16,255, the fourth $19,695, while the “richest” fifth spent $26,644.

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