“Consumption-based taxing means EVERYONE pay something and everyone pays according to their abilities! Poor people will pay less because they buy less; rich people will pay more because they can afford to buy more!!”
Not when considered on an income basis. The wealthier someone is the less % of their income goes to consumption and the poorer someone is then the greater % of their income goes to consumption - they have little-to-zero left for savings, investment, or making large capital acqqusitions, the spend all they make.
That is what makes sales taxes regressive taxes.
I don’t care about that! EVERYONE MUST PAY SOMETHING!
That is the fairest possible solution because this stupid stepped system is nothing more than BS, finger-pointing about who got more pieces of candy!
It’s not “regressive” it just doesn’t look fair to those who want to be able to keep the classes in-fighting!!