Quote:
Originally Posted by Frequitude
Forget revising income taxes, why not just bring in a consumption tax?
Its efficient, and taxing consumption is less politically sensitive than increasing the tax on income.
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I'm for it, but the left/right arguments are:
Left: It's terribly regressive, unless you remove food / clothing. But once you identify a loophole, those with the financial means will exploit the loophole. Then you're back where you began, and the middle class takes it in the shorts.
Right: Oppose it because it is a tax. 'Nuff said.