Two thirds of all economic activity results from consumer spending. Therefore, I do not like the national sales tax due to the potential negative effect on consumer spending and would prefer a simplified tax system based on the flat tax.
The flat INCOME tax does little to solve the problems we have with the tax code. Very little. In fact, it only does one thing: flattens the rate.
Does nothing to solve the problems of fairness, simplicity, transparency, privacy or efficiency.
Nada.
Two thirds of all economic activity results from consumer spending. Therefore, I do not like the national sales tax due to the potential negative effect on consumer spending
Then removing taxes from income before you can make use of it has no negative effect on how much a family has to spend for saving/investment for retirement or a down payment on a home, or the purchase of goods and service?
Do you figure that taxing business has no effect in raising prices, lowering wages or lowering returns on retirement and investment plans?