Those are just a few of the highlights. Having seen the list, it seems like imposing high sales tax on consumers would be bad for business in Missouri (perhaps good for business in bordering states). If the cost of products and services is much higher, people will most definitely spend less, especially in a recession. Less consumer spending means less production, fewer jobs, and even less consumer spending. Like the federal government, we would be trapped in a vicious cycle of spending cuts and job loss, recession and mind-numbing loss.<\/p>\n

Because the word \u201ctax\u201d is such a dirty word, despite all the benefits we reap (safe bridges and roads anyone?), it may seem unlikely that\u00a0 sales tax would get too high before Missourians take a stand. I certainly can\u2019t see \u201csmall government\u201d tea party politicians approving of exorbitant sales tax. That would be hypocritical, right? No, they\u2019d look to budget cuts. \u201cStarving the beast\u201d, as they say. Revenue shortfalls brought on by an elimination of income tax are most likely to result in huge cuts to the usual big budget fall guys: education, social services, public safety, healthcare, and senior services.<\/p>\n

Rex wants to put the mega tax on the 2012 Missouri ballot.\u00a0 So, be sure to vote. Better yet, let your congressmen know how you feel about these proposals before they get to the ballot. Don\u2019t forget: the mega tax would mean a constitutional amendment<\/em>. That\u2019s the legislative equivalent of writing something in stone. Have you thanked Rex Sinquefield today?<\/p>\n","protected":false},"excerpt":{"rendered":"

Multi-millionaire Rex Sinquefield is at it again, with four new mega tax proposals aimed at eliminating Missouri’s personal income tax. Sinquefield’s effort to single-handedly<\/p>\n","protected":false},"author":94,"featured_media":11760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[93,45,195,119,946],"tags":[1256,1257],"yoast_head":"\n