Our Current Sales Tax System Does Not Tax the Items That the Top - TopicsExpress

Our Current Sales Tax System Does Not Tax the Items That the Top 10% American Households (by Wealth) almost exclusively own. Things everyone has to buy have a Sales Tax like toilet paper, toothpaste, cars, condo’s and homes. Things only the top 10% of Wealthy Households buy have no sales tax. Sadly that’s True. Even Worse the top ten percent of American Households have 81% to 94% of stocks, bonds, trust funds, and business equity, and almost 80% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America. Sadly this is another clear example of: Those that have the gold get to make the rules.

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