If you would like to be added to this ping list let me know.
- It is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income.
I agree. I would ratther have a national sales tax vs. a progressive income tax any day.
Let me suggest a point the opposition will raise. From the article:
Indeed, there appears to be a threshold level, perhaps around $70,000 a year, at which households seriously begin to invest significant amounts of earnings. Those making less money typically spend most, if not all, of their income on consumption.
Ahh..the liberals will scream, you are imposing a tax that mostly the "poor" will have to pay you heartless conservative!
How would you counter this?