Yeah, so you completely missed the point. A sales tax is based on consumption rates. People with more money will consume more and pay more in taxes which is appropriate because it’s proportional to not only their income but also they’re spending power. This brings us to our next point a persons spending power doesn’t have anything to do with their earned income, or The labor they provide, or the value they provide to the country overall at least in the United States. If you were born rich and you never worked a day in your life you would never pay an income tax you would pay a nominal 15% capital gains tax on the trust fund that your parents set up for you and then keeping sales taxes low and property taxes low basically just subsidizes you.
Yeah, so you completely missed the point. A sales tax is based on consumption rates. People with more money will consume more and pay more in taxes which is appropriate because it’s proportional to not only their income but also they’re spending power. This brings us to our next point a persons spending power doesn’t have anything to do with their earned income, or The labor they provide, or the value they provide to the country overall at least in the United States. If you were born rich and you never worked a day in your life you would never pay an income tax you would pay a nominal 15% capital gains tax on the trust fund that your parents set up for you and then keeping sales taxes low and property taxes low basically just subsidizes you.
So increase capital gain tax. And run a net worth tax.