My plan: Unlimited pre-tax contributions to an IRA/401k until one reaches $500k. Everyone can see that millionaire light at the end of the tunnel. Perfect for 40-and-under millennials. Watch the participants become conservatives.
A fair tax(consumption) would allow for it. No taxes on investments.
Bingo.
Your consumption tax is idiotic.
I have had my income taxed my entire life. I have ZERO interest in having what little I was allowed to keep, now taxed again when I spend it.
Dying economies, like England, use a VAT tax.
The good news we will all be millionaires sooner than you think. BIDEN HARRIS 2024!!!