3 ms·
The author has made a good first attempt here but I find myself not really moved. 1. The author repeatedly says that punishing "Excess" consumption is a good t
by oramit 6y ago
The author has made a good first attempt here but I find myself not really moved.
1. The author repeatedly says that punishing "Excess" consumption is a good thing and is part of why a consumption tax is good without really explaining why.
2. The author argues that the tax code is too complex right now so moving to a consumption tax will be simpler. There is then a list of necessities he wants to make tax-free, different tax levels on "luxury" items, and a proposed scheme to refund people already taxed monies. It seems like we've just recreated the complexity of the tax code but moved it somewhere else?
3. You mention a wealth (assets) tax at the very beginning as 1 of 2 big changes you want to make but then you never discuss the wealth tax part at all...