[Griff]

Originally Posted by Undertoad

I still say we can work it out. Exempt food, clothing, rent and mortgage interest . Require a super majority to add exemptions.

Tax consumption, which is bad, rather than income, savings, or investments, which are good. If you create more than you consume, you "win" but more importantly, you automatically build more wealth for the rest of the pool.

Agreed except the bit that subsidizes banks... I think... but maybe it would be effective on the regressive taxation front... A consumption tax isn't a bad idea at all.