Robert Frank (an economist at Cornell) proposes a progressive consumption tax[0]. You report your income and your savings. The Economist argues for it[1], quot

Robert Frank (an economist at Cornell) proposes a progressive consumption tax[0]. You report your income and your savings. The Economist argues for it[1], quoting the following part: > In terms of economic incentives, the most efficient remedy would be to replace the federal income tax with a much more steeply progressive consumption tax. Under such a tax, people would report not only their income but also their annual savings, as many already do under 401(k) plans and other retirement accounts 0: https://inequality.stanford.edu/sites/default/files/media/_media/pdf/pathways/summer_2010/Frank.pdf https://inequality.stanford.edu/sites/default/files/media/_m... 1: https://www.economist.com/democracy-in-america/2010/11/17/all-hail-the-progressive-consumption-tax https://www.economist.com/democracy-in-america/2010/11/17/al...