Source: NBC News
quote: If you can't find programming skills in a $10/hr worker, then I suppose you can call that a lack of qualified people, but you'd be disingenuous.
quote: Wealthy entities are so adverse to spending/investing that they'd rather watch their wealth shrink than buy goods, build assets, etc.
quote: Florida, for example, collected only 2.6% of the income from the top 1% but 13% of the bottom quintile's income.
quote: The FairTax is a way to dupe the masses into letting the rich pay less tax. Currently, the top 1% pay <1% of their income in sales tax, while the bottom 20% pay 7% of their income:
quote: On top of that, sales taxes discourage consumption, killing demand even more.
quote: It would be catastrophic for the economy. But of course, this is DailyTech, so I expect to be rated down instead of argued logically.
quote: Thats all empty propaganda. What 99% of trolls call "corporate welfare" is straight-forward things like capital depreciation, or R&D tax credits, various forms of expense deduction, etc.