Originally Posted by Pawnmower
I actually agree...and furthermore I have done research and plenty of thinking on this.....The only way to accomplish this fairly is to abolish income tax altogether....We do not want to punish people for investing or saving or making money...
What we have to do is tax based on CONSUMPTION.
You want a 'life' following tax, there you go.
If you want to live like you are rich: consume more & pay more tax
If you want to live frugally and help society: consume less, recycle,buy used goods and get rewarded with less taxes.
I have read several flat tax consumption tax books and studies, could you elaborate on what model you support? Is it possible or even a viable concern to be worried about secondary/black markets as a means of avoiding a consumption tax? And do you view usage, purchase, and consumption equally in your model?