[groanup]

But the wealth is worth less because you will be taxed when you spend it. You will get a higher real return under a consumption tax (any consumption tax including a flat tax), but it's not as great as you think.

Think about what you are saying. You are making the assumption that every dollar has an albatross of a 30% sales tax attached to it. I disagree. The only dollars that have such are those that are spent. The vast majority of wealth is not spent at the retail level. It is reinvested, saved, passed on to the next generation. Under the NRST it will be truly be passed on to the next generation.

[Your Nightmare]

Think about what you are saying. You are making the assumption that every dollar has an albatross of a 30% sales tax attached to it.

If that's how you want to put it.

I disagree.

What a shock.

The only dollars that have such are those that are spent. The vast majority of wealth is not spent at the retail level. It is reinvested, saved, passed on to the next generation.

The only value in wealth is spending it. Other than that it might as well be Monopoly money.

Under the NRST it will be truly be passed on to the next generation.

So? The next generation will not benefit from it unless they spend it.