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Live Video: President Obama's Budget Address

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LeftyRambles2413 (HappyWarrior)4/13/2011 12:16:36 pm PDT

To me, a higher sales tax is bad for several reasons. One, it directly hurts the poor and middle class. Secondly, it discourages people from buying consumer goods. Example as a gamer, I’m much more willing to pay for a game that’s 50 bucks versus one that is 70. The very wealthy aren’t going to be bothered by a high sales tax. It may be a bothersome inconvincence but at the end of the day, they’ll be able to afford what they want but the same cannot be said about the poor and middle class. I don’t think high tax brackets is the solution but a progressive income tax is the right idea and in times like this, the very rich can afford to pay a litlte bit more. Warren Buffet agrees with that.