I’d far prefer a consumption tax vs. high income/corporate taxes. Those whom have a lot of money to spend will be the ones providing most of the tax receipts. If you’re poor you’re buying less and providing less of the tax base BUT you’re still paying a share. At least everyone pays something!
This would allow us to reduce the income/corporate tax rate. I’ve always wanted an explanation of how an income tax is not government theft. We have the right to private property, except the property the government decides isn’t ours to keep, subject to a rate THEY decide. I say get rid of it and raise taxes through a consumption tax.
Those of us who paid full weight of employment and income taxes at the Carter rates back in the day and who now subsist on savings (which don't earn anything because of Fed/banksters' zero-interest-rate policy) and Social Security will take a new weight at what, 39% or whatever the fashionable rate is in Europe? so that you can get your income taxes reduced. What a deal, thanks bud.