National Sales Tax Madness

Max discusses the new Bush concept of replacing the income tax with a national sales tax, an idea that just seems staggering in its idiocy. Some have estimated that tax rate would need to be as high as 60% to work. Even much lower, you could have pockets of places - say New York City where you already pay a few types of sales tax - where the tax on a product could exceed the price of the product itself.

And with the geniuses in Washington, they'd write the tax code for this so that only essential goods would be taxed. After all, you wouldn't want poor Arnold Schwarzenegger to have to pay sales tax on a polka-dotted $70K Hummer when you can have working poor parents paying $4 in tax on every gallon of milk for their kids.