[lucysmom]

It is a signal advantage of taxes on articles of consumption, that they contain in their own nature a security against excess. They prescribe their own limit; which cannot be exceeded without defeating the end proposed, that is, an extension of the revenue.

When Hamilton wrote that, did he anticipate taxes on rent and medical care? No!

[Principled]

When Hamilton wrote that, did he anticipate taxes on rent and medical care? No!

You're wrong. The income tax still has people pay tax on medical care - they just have to pay it before they get the medical care. Medical expenses of $100 costs me $128 including taxes [i had 22% effective income tax rate last year.] The nrst simply changes the timing [and lessens the tax a bit] of the tax payment.

I would prefer to keep ALL my earnings and pay tax when I buy something than have my earnings reduced before I even get MY OWN MONEY.

Under the nrst, that $100 medical bill would cost me $118 including taxes [i have a 15% effective nrst rate.]

So under the nrst, I pay less in tax and only pay tax when I spend - not when I invest, gift money, or leave to my children.