[My own opinion ...]
While I’m a Trump supporter, we should go back to only taxing consumption:
1. We get rid of IRS tyranny on individuals.
2. Taxing businesses is also more efficient than trying to snoop into the income of every US resident.
3. LESS CORRUPTION.
Lobbying has a lot more trouble hiding in the woodwork because purchase prices are much simpler than calculating net profits.
4. We encourage savings rather than penalize income and profits.
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The transition into this tax plan is what scares people. ‘Better the devil you know’, they think. If you go piecemeal, then you still have the income tax. If you go whole hog and leap from the plane, they wonder if the parachute was packed properly.
And unfortunately for Cruz, if FReepers are baffled by his plan, then he’s had a tough row to hoe on this issue.
That’s why Rubio went at him the way he did. Cruz failed to clarify his message.
This is stupid. There is no consumption without production and not production without consumption. So this notion that one is immoral and should be taxed is just a scam against common sense.
Of course the real problem is a whole bunch of scams, including this one, to shift the tax burden further away from the rich. 10% on all income and 16% VAT on consumption. What a bargain for the gazillionaires.