Er, the poor would not be adversely affected because they would get a reimbursement check for taxes on necessities?

Not just a National ID, but now a National Debit Card!!! Some government agency knowing every damn thing I buy (yeah, if you use any type of plastic it's already in a database, but...)! Cash outlawed so rebates will be "fair"! And did you know that toilet paper and soap are not necessities (Food Stamps are via Dept of Agriculture, that type of thing is not considered "agricultural product" or food - logical, but inconvenient at best)?

You could still use cash, the store would simply withhold your half of the tax. In fact, out of simplicity, it would probably be done that way in any case.

Mr. Anderson, complain you about the transaction tax or the national sales tax?

I think this "transaction tax" is suppose to be a like a VAT? (value added tax)

Didn't mean to send that message so early... The tax proposal has more problems than the article admits --- we're going to give everyone a check every month? Isn't that a set-up for fraud and con-artists? Plus, we'll be requiring everyone to have a bank account. Bizarre...

On top of that, what makes this guy think it is easy to collect sales tax anyway? Now that sales tax will be a significant figure (23%), will we have federal police stopping by yard sales to enforce this?

The article might say so, but I don't see why anyone would be required to have a bank account, though I can't imagine living without one.

If you work strictly with cash you'll still pay when you go to the grocery store, buy a car, etc.

One of the beauties of a transaction tax, you can avoid it, but there's a strong disincentive to do so. You would have to divorce yourself from the modern economy.

TBox - the sales-tax-with-rebate. And no, cash would not work - how would the rebate be determined?

Transaction tax? Maybe, this is the first I've heard of it.

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