Too many people are getting hung up on a philosophical discussion of whether this is the “correct” taxation approach or not. All of that is a nonsense and a di

Too many people are getting hung up on a philosophical discussion of whether this is the “correct” taxation approach or not. All of that is a nonsense and a distraction. The tax system is completely arbitrary and made up. It doesn’t matter whether something fits a certain definition or not. The only thing that matters are what the benefits and what the costs of doing a certain thing is. And it’s pretty obvious that there are almost no benefits and there are massive costs to this approach.