justoffal
Diamond Member
- Jun 29, 2013
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I want to expound on my enthusiastic agreement.
No tax scheme of any kind will succeed so long as we keep allowing special interests to be given exemptions, credits, and deductions.
We currently give away $1.6 trillion EVERY YEAR in tax expenditures, most of which benefits the wealthy.
All of our politicians have been bribed to tilt the playing field so that your money rolls out of your pocket into the pockets of the one percent.
Therefore, even a tax on production (such as the income tax) would be easily balanced, and even produce a surplus, if we banned tax expenditures.
But no politician in their right mind is going to end their gravy train on purpose.
We're all fucked.
I see consumption tax that's pretty much the only way to be fair. The rich will still pay more in simply because they consume more expensive and greater quantity. I realize it's not progressive the way people would like to see it but I honestly think that system is unreachable and the only tenable system would be to tax consumption. There are plenty of numbers out there that indicate it would literally triple the revenue without pissing people off because most of it is choice driven.