I love how supporters of the consumtion tax supporters say it isn't shifting the tax burden to the poor and middle class. Look at what it eliminates:
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As posted in the beginning, the following would be abolished: Income/Capital Gains/Estate/Gift/Some excise, etc.
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Let's look at these taxes:
Income: Under a progressive system the more you make the higher your tax rate is. Who stands to gain the most: The person who currently pays 15% or the one who pays 30%
Estate:
The only people who have estates large enough to really be hurt by this are very wealthy. Poor people are NOT splitting up $2M between their kids.
Capital Gains:
Poor people are not affected by capital gains taxes.
Gift:
Poor people do not give gifts over 10k. Rich people do.
Sure, we want to make it "fair" for the poor people. We've heard it before. No thanks.