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Rich people already do those things. Heck, we do that.
What will happen if they put more compensation in tax free plans? Those plans will hopefully make more money in an economy not headed up by chimpy the president. People will or should always defer as much income as possible, but one way or another, the money makes it to the market.
Taxing consumption has always been a theory, one that doesn't show signs of being able to pay for our country. At any rate, consumption is already taxed in most places. DC residents are heavily taxed, and yet have no representation.
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I think the Apocalypse is happening all around us. We go on eating desserts and watching TV. I know I do. I wish we were more capable of sustained passion and sustained resistance. We should be screaming and what we do is gossip. -Lydia Millet
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