I didn’t go into in the main post but yeah, US domestic air travel is down as well, which is a pretty good indicator domestic tourism is also down.
… Also, they want to just generally raise the sales tax, with the idea that this will mostly tax tourists.
But… theres no actual … mechanism, to differentiate between a local resident sales tax and an out of state or international tourist sales tax.
… So what they want to do is bail out the already wealthier property owners, on the backs of the already poor non property owners, who pay much more of their income toward sales taxes than to property taxes.
It is literally rob the poor to prop up the idiot home and condo owners and corporations with mortgages they can’t afford because they thought the housing bubble would never pop.
There are people who say that a high sales tax benefits the poor because rich people buy more stuff but there is also people who say that high sales tax benefit the rich because they have relatively more money ‘left over’ to buy more stuff. I don’t know what would be more fair when it comes to sales tax, but lowering property tax is definitely only beneficial for the people who have enough money ‘left over’ to own property in the first place. But Florida is ruled by republicans and they say they are there for the working class but their legislation has proven otherwise many times before.
It’s to do with the proportion of one’s income that goes into purchases and the proportion of one’s income that goes into savings (which generally ends up as investments):
Poor, working class and lower middle class people’s income after paying rent or mortgage goes 100% into purchases, so a sales tax hits 100% of their income (after rent/mortgage). These people generally have no savings or just about enough to face a small unexpected event such as a fridge or washing machine breaking.
For the rest of the middle class, the proportion of their income that goes into purchases gets lower and lower the higher their income gets and, of course, what’s left goes into savings, the last part not being taxed via sales tax (plus when it does end up getting spent, it often ends up in things like Property which is not taxed by sales tax).
The rich will easily save 90% or more of their income, plus they can make sure their purchases happen where the sales tax won’t hit them (say, they’ll buy their yachts in places with no sales tax), so only a small proportion of their income is hit by a sales tax.
Absolutely, the more income people have the more they spend, but spending doesn’t grow at the same rate as income and beyond a certain point people just naturally end up earning so much that they don’t spend it all or even most of it.
In percentage terms, the poor and working class are the worst hit by sales taxes because, after paying rent and mortgage 100% of their income ends spent purchasing essential goods hence hit by sales tax, whilst the rich are the least hit by sales tax because their income is so vast that they spend only a tiny amount of it on things covered by sales tax.
Whilst in absolute, dollar terms it’s not the poor that pay the most in sales tax per person, they’re hit the hardest because sales taxes hits all of their income (after rent/mortgage) hence hurts them more, plus that income was already not sufficient to live well enough the first place and sales tax just makes it worse.
I didn’t go into in the main post but yeah, US domestic air travel is down as well, which is a pretty good indicator domestic tourism is also down.
… Also, they want to just generally raise the sales tax, with the idea that this will mostly tax tourists.
But… theres no actual … mechanism, to differentiate between a local resident sales tax and an out of state or international tourist sales tax.
… So what they want to do is bail out the already wealthier property owners, on the backs of the already poor non property owners, who pay much more of their income toward sales taxes than to property taxes.
It is literally rob the poor to prop up the idiot home and condo owners and corporations with mortgages they can’t afford because they thought the housing bubble would never pop.
There are people who say that a high sales tax benefits the poor because rich people buy more stuff but there is also people who say that high sales tax benefit the rich because they have relatively more money ‘left over’ to buy more stuff. I don’t know what would be more fair when it comes to sales tax, but lowering property tax is definitely only beneficial for the people who have enough money ‘left over’ to own property in the first place. But Florida is ruled by republicans and they say they are there for the working class but their legislation has proven otherwise many times before.
It’s to do with the proportion of one’s income that goes into purchases and the proportion of one’s income that goes into savings (which generally ends up as investments):
Absolutely, the more income people have the more they spend, but spending doesn’t grow at the same rate as income and beyond a certain point people just naturally end up earning so much that they don’t spend it all or even most of it.
In percentage terms, the poor and working class are the worst hit by sales taxes because, after paying rent and mortgage 100% of their income ends spent purchasing essential goods hence hit by sales tax, whilst the rich are the least hit by sales tax because their income is so vast that they spend only a tiny amount of it on things covered by sales tax.
Whilst in absolute, dollar terms it’s not the poor that pay the most in sales tax per person, they’re hit the hardest because sales taxes hits all of their income (after rent/mortgage) hence hurts them more, plus that income was already not sufficient to live well enough the first place and sales tax just makes it worse.