An expenditure tax makes a lot of sense. It would increase our nation’s savings rate, amongst other things—something we could greatly benefit from.
Correct, because everyone spends money. I know there are a bunch of people who sell crack and pay no taxes, but buy $300 shoes like its nothing. Many people have been trained to do hair weaves but sit home and charge 200-300 bucks a head who pay no taxes, but collect welfare, but always have money for beer, gold chains, and crap. Exempt food, and drugs and tax the rest. No IRS, no Tax attorneys, no problem.