Quote:Income inequality is just a catchphrase and meaningless on its own.

 

To anyone espousing the virtue of taxing consumption rather than earnings, you should probably take an introductory economics class to gain the slightest of understandings of why such a method of taxation is not only idiotic, but would be economically suicidal for the nation.

 

Are you going to avoid giving your personal information on this claim as well? A consumption tax is actually creating more revenue streams to collect taxes but you claim a production tax is the only way to keep from committing economic suicide, why?

 

Right now you have millions of undocumented workers, that pay NO income tax, under a consumption tax when they purchase goods they would be paying taxes like the rest of us.

 

Black market industries such as narcotics, prostitution, and so on generate millions of untaxed earnings. That money would also be taxed when it is spent.

 

Having a consumption tax also ENCOURAGES individuals to work MORE since they keep all of their income. Individuals are also ENCOURAGED to SAVE money, that's the two things vital to any economy. Production and Savings are the economic fuel that drive any economy, you punish both of those with production taxes. 

 

I know it's a crappy deal if you don't pay any income tax and get 4-8k back in income tax returns right now, but it's simply not a path we can afford to continue on. 

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