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Consumption taxes also collect revenue from underground and black market sources. Prostitutes and drug dealers don't pay income tax, regardless of the rate; however, they still have to buy food, water, clothes, etc. like the rest of us and taxes will be collected from that consumption.
how do you plan on taxing the rich then? they wont spend their money here, they'll take a $100,000 vacation to europe or brazil once a month.... happily enjoying the untaxed cash flow from their investments.
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[–] ilikemyname [S] 0 points 1 point 1 point (+1|-0) ago
I agree! Tax based on consumption would be much more appropriate. Completely based on choice.
[–] zambeezy 0 points 1 point 1 point (+1|-0) ago
Consumption taxes also collect revenue from underground and black market sources. Prostitutes and drug dealers don't pay income tax, regardless of the rate; however, they still have to buy food, water, clothes, etc. like the rest of us and taxes will be collected from that consumption.
[–] 9-11 ago
how do you plan on taxing the rich then? they wont spend their money here, they'll take a $100,000 vacation to europe or brazil once a month.... happily enjoying the untaxed cash flow from their investments.