Quote:
Originally Posted by bizaro86
No, but a lower tax burden has economic benefits. A consumption tax is more efficient than income taxes, but its likely that it would be added to existing taxes, as opposed to replacing them.
Replacing spending of royalty revenues with a consumption tax, and then saving the royalty revenues for the future would also be good, but not very probable. Politicians have a way of spending all the money available to them.
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This is basically your own cynicism and bias though. There is no reason that consumption taxes couldn't replace income taxes, but for some reason people have such a distrust in our leaders that they won't consider it as a viable alternative.