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Comment Re:Let me get this right (Score 1) 839

Never is too strong a word. Taxation does of course reduce people's buying power, but the numbers can be tweaked so that people can still buy houses and stuff while still funding government. There can be a progressive scheme if necessary, but the nature of wealth tax makes it already pretty progressive.

Comment Re:Let me get this right (Score 1) 839

I want to know where you got this idea that taxes on consumption tend to be progressive. It's almost certainly regressive, unless you exempt the right mix of basic goods.
What counts as "consumption"? A poor person spends most eir money on rent, food, possibly car, and possibly cigarettes and booze.
A rich person invests a bunch, buys several million dollar houses, hires maids and gardeners to clean these houses, buys some cars, new electronics, and probably eats out a lot and goes to high-end concerts and travels the world.
A rich person spends a far higher percentage on capital goods and on employing people and only a small percentage on consumables. Also, you can't really tax consumption while traveling. The best you can do is tax the transportation, and tax rich tourists who come _here_

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