Brian Krassenstein

@krassenstein ↗

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Last Checked Jan. 31, 2023

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Wed Jan 25 20:00:29 +0000 2023

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Brian Krassenstein @krassenstein

@ItsMikeGoldberg The ramifications would be crazy. Stocks and investments would soar since no capital gains taxes, so the wealthy would dump their money into stocks and stop buying luxury goods. — PolitiTweet.org

Posted Jan. 25, 2023

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Brian Krassenstein @krassenstein

Republicans want to replace income taxes with a federal sales tax of 23%+ What this would do is reward the wealthy, while penalizing the working class whose income goes almost entirely towards buying things they NEED. This is a #RepublicanTaxHeist — PolitiTweet.org

Posted Jan. 25, 2023

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Brian Krassenstein @krassenstein

@craig_steger @ItsMikeGoldberg Technically I'm an economist. But besides my thoughts, it's pretty clear what would happen. Prices would rise 23% for everything, while there would be no capital gains taxes. I'd stop buying luxury goods and start investing heavily. The middle class would be screwed. — PolitiTweet.org

Posted Jan. 25, 2023