Originally Posted by BigRedChief
I haven't read anything lately about consumption vs. production tax revenue. But, what I have read about consumption taxes were that they were unbalanced and unfair compared to benefits.
Basically, it's easy to build a highway road and pay for it with a toll. It's not so simple for city and county roads, food, clothes, water etc.
Estonia handled its fiscal cliff and revived their economy by keeping down their income tax (taxing production) and slightly increasing its consumption tax.
“Experience should teach us to be most on our guard to protect liberty when the Government’s purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.” — James Madison