[BenKenobi]

Of course. I think that income taxes are horribly regressive because they penalize people for working and saving. The money that goes to income tax could be used for other things that would generate productive enterprises. Instead it’s a dead loss to the economy.

[ExTxMarine]

Instead it’s a dead loss to the economy.
You and I, sir, agree completely!

By taking money directly out of my pocket, Uncle Sam kills a part of the initiative in people to spend the money that Uncle Sam lets us keep.

If they taxed consumption only, then everyone would get hit equally - yes EQUALLY.

You see, those of us who are NOT rich will spend our money on things we can afford, and we will buy the Ford Fiestas and shop at H-E-B for our groceries and pay taxes based on those items. Where as those that ARE rich will spend their money on diamonds and caviar and Mercedes' and they will be taxed far MORE than us non-rich, because they will be buying the nicer, more expensive items. Best part, as the middle class moves up, their taxes would increase because they would start buying better items and therefore, it would generate MORE tax revenue! THAT would the most "fair" tax policy that we could implement!