Quote:
Originally Posted by goofyballer
I wouldn't have guessed this of you. I'm sure you're well aware of the hyper-regressive nature of consumption taxes, why do you support that over more progressive schemes like income taxes?
You can have a progressive consumption tax, as long as its not a sales tax. You would need people to file tax returns like they do now, you would just tax them on consumption (income minus change in savings) rather than income. If you measure progressivity on the basis of income, it's still not very regressive, but there's no good reason to be obsessed with income-progressivity.