First of all, the abuse of a neutral word, "regressive." It is simply a description which is misused in contemporary "progressive" "class-warfare" society. As in saying that arithmetic is associative.
Aside from that, everyone with an IQ over 25 would be forced to admit that EVERYTHING a very rich person buys or pays for costs him less than someone who is not rich AS A PERCENTAGE OF INCOME.
Labeling this obvious fact with a word has meaning or significant effect only when loaded with a political and social-warfare baggage and does not make it profound or significant in any way.
I would be ecstatic with a system where everything, including prices and taxes are based as a percentage of income, if it is applied religiously (if you'll pardon the expression) to everyone, no exceptions, from the homeless to George Soros and Bill Gates.
I'll hold my breath...
“I would be ecstatic with a system where everything, including prices and taxes are based as a percentage of income, if it is applied religiously (if you’ll pardon the expression) to everyone, no exceptions, from the homeless to George Soros and Bill Gates.”
The only Fair tax is a Flat TAX. The Sopranos plan; You owe me 10% of everything. F You! Pay Me!
That’s my idea, anyway. Then we all have the same amount of skin in the game. Then everyone holds their heads up, pays their fair share, no excuses, cuts, or BS.