3 ms·
The problem with ideas like is that the amount of tax raised is small compared to what is collected in income taxes. It's a fantasy to think we can replace an
by jim_greco 12y ago
The problem with ideas like is that the amount of tax raised is small compared to what is collected in income taxes. It's a fantasy to think we can replace an income tax of up to 60% of income with an indirect consumption tax.
An Ex'Tax also ends up being regressive like consumption taxes. The poor spend a lot larger percentage of their income on consumption (which are what those resources end up going into) then the rich do.