>The USA should get rid of personal income taxes and replace them with retail sales/consumption taxes, to change incentives. The USA hasn't changed effective t

>The USA should get rid of personal income taxes and replace them with retail sales/consumption taxes, to change incentives. The USA hasn't changed effective taxes in decades. Whenever politicians have 'lowered taxes' it has been completely ineffective. This is a goal, they don't wish to adjust a knob that may impact such large complex systems. They dont want to be the one who destroyed X. >The USA should enact a wealth (assets) tax, to address wealth inequality. Very effective in the short term and then becomes an utter disaster for the country. Your goal of retirement is you save up money to live. If you die, you want your family to get the money. What happens when countries have implemented this; people dont keep the money. Wealth taxes are use it or lose it. So people use it. You then end up with situations where families are on their own. Their is no family wealth anymore. In the short term there's boost to your economy because of the spending. But then you start to build generational debt to insane levels. You have money leaving your country to avoid the taxes and then suddenly you just dont have the original wealth of your country and debt overwhelms.