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November 19, 2012

Taxes: Increase It On People Who Spend Money

If you do want to raise taxes, the best way to do it is through a consumption tax. If you’re going to increase taxes, don’t increase the marginal rate; just increase it on people who spend money, not on people who save and invest it. - in Seeking Alpha

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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