[Ditto]

Correct. I have no problem with wealth or people who have it.

But as you said, the IRS code punishes those trying to gain wealth while rewarding the very wealthy by only taxing income and not taxing consumption.

And on top of that they allow very generous deductions in income produced by politically favored investments and sheltering income and benefits from “IRS Approved” foundations. See Bill Gates and Warren Buffett. They have avoided both the regular income tax and the Death Tax entirely via trusts and foundations designed to provide a continuing source of income for themselves, and their heirs for generations to come.

[rabscuttle385]

But as you said, the IRS code punishes those trying to gain wealth while rewarding the very wealthy by only taxing income and not taxing consumption.

Either a flat-rate income (production) or sales (consumption) tax would work.