Interesting point. Not exactly how I read it, but this makes sense as well. For the progressive consumption tax, to make it really meaningful and fair, you hav

Interesting point. Not exactly how I read it, but this makes sense as well. For the progressive consumption tax, to make it really meaningful and fair, you have to have very reliable data on what price range for given type of good is excessive. Alternatively, you could just tax classes of goods, such as luxury cars, etc. The one problem with such a tax is that it enables people to save a lot more instead of spending it. If the money sits in the banking system, it at least does some work, but if the saving happens in the form of physical goods of perceived high value (such as gold or jewelry), it doesn't actually help the economy beyond the initial purchase. That said, I would love to not have to pay income tax :)