Quote:No, I've already told you, all the consumption based tax accomplishes is allowing limitless hording of wealth by those who make large amounts of money they have no need to spend.

 

And I've told you what you call hording is called saving in economics, and that's a good thing. When those dirty filthy evil rich guys put a billion dollars into a savings account or savings bond that's the money the bank uses to loan out to us poor working folk to buy a house, car, business and so on.

 

That dirty filthy evil rich guy doesn't put his money into a savings account the bank doesn't have money to lend you or me or anyone else.

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