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Originally Posted by Manx
I pulled numbers from thin air, as we seem to be doing in this thread - it's more philosophical.
I believe you may get the point: the more money you make, the less of it as a percentage you will spend on consumption-taxable goods. It's built-in regression.
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O.K., I see your point.
However, doesn't one spend more if one makes more? Obviously there is no way to prove this, i just look around to emphasize my point. I shop at Wal-Mart and they shop department store. I justify this plan by thinking that the more money one has, the more one is likely to consume.
I know I would if I had more disposable income; in my dream world, I would be the perfect consumer for this type of plan.
So, with that thinking, it may not be regressive, if the consumption is enough (which, as I mentioned, there is no way to prove).