Re:When the Rich Said No to Getting Richer
by the_gastropod on Tuesday September 05, 2017 @10:06AM
(#15175278)
A progressive sales would be very difficult to implement and maintain. Virtually every good / service would need to have a tax associated with it. How much do you tax a Honda Civic vs an Acura RSX? A BMW? Bentley? How much do you tax a 33ft yacht? A 60ft yacht? This thing would also need to be updated very often as new technology comes out. Think about Apple Watches, VR headsets, etc. You'd need a small army of tax lawyers to come up with and enforce this tax code.
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Re:When the Rich Said No to Getting Richer
by djrogers on Tuesday September 05, 2017 @11:47AM
(#15176359)
Why would you need to tax each of those at a different rate? You make a consumption tax progressive by providing an advance rebate (prebate) to everyone in an amount that covers the consumption tax for a defined standard of living. Any consumption above that level burdens the consumer, and when averaged out over a quarter or year will be progressive.