Reddit reviews Progressive Consumption Taxation: The X-Tax Revisited
We found 3 Reddit comments about Progressive Consumption Taxation: The X-Tax Revisited. Here are the top ones, ranked by their Reddit score.
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We found 3 Reddit comments about Progressive Consumption Taxation: The X-Tax Revisited. Here are the top ones, ranked by their Reddit score.
I see this argument regurgitated a lot about why consumption based taxes won't work.
A progressive consumption tax can work, however, and would have the added benefit of not penalizing people on savings and investment.
There is, of course, the inheritance issue, but I think that with the level of tax evasion already taking place with income based tax systems that we should start looking at a fairer, more effective method of taxation.
This book presents a system called the "x tax". Pretty interesting read.
https://www.amazon.com/Progressive-Consumption-Taxation-X-Tax-Revisited/dp/0844743941
Haven't read it yet, but perhaps that issue is addressed here?
Bradford's original paper on the tax, highlighting many of the potential issues, can be found here.
That just seems a knee-jerk opinion on a hugely complicated economic question. There are proponents of a consumption tax from all ends of the political spectrum, with the X-tax being the most spelled out policy for the US. I'd prefer a consumption tax with a rebate/low UBI to make the tax a net progressive, but I find all of these policies intriguing enough to not toss them out immediately. Income taxes have a lot of issues that consumption taxes handle better, and vice versa.