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In Reply to: Nations need to have two different economies. One for vital infrastructure, another for dispensable luxuries. posted by peppy m. on March 30, 2021 at 15:16:23:
Let those involved in the production and distribution of LUXURY items and services fend for themselves.
Failed in the 80s. Put earnest blue collar workers who happened to build boats and planes out of work.
"What went wrong with the luxury tax was that, in trying to go after the rich guys' toys, Congress put the toymakers out of business. The rich guys, meanwhile, bought other toys (including foreign-made ones) not covered by the tax; or they bought used toys and refurbished them; or they simply saved the money, waiting to spend it another day. "
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Follow Ups
- That experiment - E-Stat 03/30/2116:48:15 03/30/21 (20)
- He said zilch about a luxury *tax*. - Rick W 17:48:04 03/30/21 (19)
- RE: He said zilch about a luxury *tax*. - E-Stat 18:44:09 03/30/21 (18)
- RE: So kindly translate that into actionable events. - tweaker456 20:42:38 04/2/21 (0)
- The thread wa about minimum wage. Pay a *living wage* is my point. - Rick W 19:08:55 03/30/21 (16)
- RE: The thread wa about minimum wage. Pay a *living wage* is my point. - tweaker456 19:49:26 03/30/21 (14)
- It can be a bummer - E-Stat 20:53:28 03/30/21 (13)
- Your clueless regarding what reality is for millions of hard working Americans. - Rick W 07:22:03 03/31/21 (12)
- RE: Your clueless regarding what reality is for millions of hard working Americans. - E-Stat 08:35:36 03/31/21 (9)
- Don't get me started on fishing - Inmate51 09:41:25 03/31/21 (2)
- It's the concept that's important - E-Stat 09:54:08 03/31/21 (1)
- RE: It's the concept that's important - Inmate51 15:44:34 03/31/21 (0)
- Guess I should have stated it differently. - Rick W 09:19:23 03/31/21 (2)
- RE: Guess I should have stated it differently. - E-Stat 09:50:48 03/31/21 (1)
- Won't type LOL 'cause its not funny. nt - Rick W 10:04:54 03/31/21 (0)
- RE: "Is there anything YOU are willing to do to help those people?" - tweaker456 09:14:04 03/31/21 (2)
- That treatise - E-Stat 09:18:43 03/31/21 (1)
- RE: That treatise - tweaker456 09:25:08 03/31/21 (0)
- RE: Your clueless regarding what reality is for millions of hard working Americans. - Inmate51 07:43:44 03/31/21 (1)
- Dipshit. As if you've never made a typing error. nt - Rick W 09:34:59 03/31/21 (0)
- Ok - E-Stat 19:18:34 03/30/21 (0)