No, there is a big difference in taxing consumption and taxing the fruits of one’s labor. If deny that then you are an idiot.
“No, there is a big difference in taxing consumption and taxing the fruits of one’s labor. If you deny that then you are an idiot.”
Since a producer’s decision to invest in labor is based on a comparison of expected AFTER TAX return on investment vs. the opportunity cost of capital, “the fruits of one’s labor” are ultimately being taxed either way.
Any idiot knows this.