I'm all for fair taxation. I guess it's my idea of fair that would receive scrutiny. If a different system addressed the loopholes [and genuine tax laws that go against fair equity] I'd give it more consideration. The only problem with a consumption tax is it mimics a flat tax. I'm no economist but a primary argument against flat taxing is disparity.
IMO, taxes don't necessarily need to be income collected but rates need to be income based. A national sales tax or a national flat tax would require income rates to avoid being a flat basis. That said, it makes sense to me that taxes are collected on and of income.
IMO, the best argument for a different tax system like the flat tax or the consumption tax is the perceived lower payout. One of our problems is deficits. And we all know the money necessary to reign in debt is the same programs we don't want to see cut. In other words, our own personal interests.
IMO, reigning in spending is a longer term solution. Ultimately, the people will have to give up more of the benefits of the systems they already paid into. In the near term, we need to look at the top for the solutions to our short term economic woes. Get these global giants to start hiring here again or hit em where it hurts. After all, they've hit us for the last 30 years plus.
IMO, taxes don't necessarily need to be income collected but rates need to be income based. A national sales tax or a national flat tax would require income rates to avoid being a flat basis. That said, it makes sense to me that taxes are collected on and of income.
IMO, the best argument for a different tax system like the flat tax or the consumption tax is the perceived lower payout. One of our problems is deficits. And we all know the money necessary to reign in debt is the same programs we don't want to see cut. In other words, our own personal interests.
IMO, reigning in spending is a longer term solution. Ultimately, the people will have to give up more of the benefits of the systems they already paid into. In the near term, we need to look at the top for the solutions to our short term economic woes. Get these global giants to start hiring here again or hit em where it hurts. After all, they've hit us for the last 30 years plus.