Posted 18 January 2013 - 10:12 PM
I'd think that many of the lower income people would not be too severely impacted by this - majority of low income people receive food stamps or WIC. That would neutralize some of the cost increase for food items.
Also, those of us that are thrifty would not see much of an increase - while those that are of higher income will still be buying the better cuts of beef and named brands = they would pay more.
I'm not saying its perfect, but it does actually tax something that everyone uses = thus even taxing to an extent.
I'm pretty sure I could come out better off both financially and healthier with this idea - want to see a decline in obesity? Increase the taxes on coke, pepsi, chips and cookies and watch people make choices.
I would agree maybe higher tax rates on luxuries. Maybe on vehicles over a certain price, appliances over a certain price...etc. I mean if you can afford to buy a Cadillac Escalade, then you can afford a higher sales tax...... or maybe settle for the Tahoe instead. Do you really need a Keurig? or will Mr. Coffee do for you? Do you really need to new fridge with all the bells and whistles? Maybe that one that just has water and ice in the door is fine? Really want that big diamond - then pay up!
As bad as I hate the gas tax, I can live with it as long as I40 and I95 don't turn into I20 in SC.