>In my opinion, do away with income and capital gains tax and have a pure consumption tax instead. That turns out to be incredibly regressive as the poor spend

>In my opinion, do away with income and capital gains tax and have a pure consumption tax instead. That turns out to be incredibly regressive as the poor spend almost all of their income, where as the rich spend a fraction of a percent. So you end up with them paying even less, and the worker paying far more. It's called a "flat tax" and it's a horrible idea.