re: Tax system
“I firmly believe that there should be one tax based on consumption and that's it. Nobody and no product is exempt from it. No income taxes, no corporate taxes, no estate taxes. The money is taxed when it's spent not when it's madeâ€
Art - that sounds great and if I were just entering the job market, or had been in it long enough to get past the spending surge of setting up a household I would completely agree. But I’m not. I’m one of those people who are out of the job market and attempting to live on my savings alone. What you propose would add to my tax burden by making what I buy taxed at a higher rate to make up the difference.
So although I think a flat tax, or a VAT like Europe, is a good idea I can’t imagine how it would be implemented.