Comment Re:Gates (Score 1) 839
Except that consumption tax is usually designed to hit the poorest the hardest, and have little to no impact on the wealthiest. For example, sales tax is capped on cars in some states, others exclude yachts from sales tax, while many tax milk and bread. So someone who spends 50% of their hourly take home on food gets taxed on 50% of their income, but someone else who only spends 0.05% on food only gets taxed on that 0.05% of their income as many luxury items are excluded from consumption taxes.