Comment Re:Let me get this right (Score 1) 839
A tax on consumption hits those hardest who consume the most: the middle and lower classes.
Not quite
So, if Bill Gates buys a $50 million dollar home and a $200K car
The problem is many people view economics as saying that the goal of capitalism is to ensure as much income inequality as possible.
Because, apparently, that's the whole point.
If you had a consumption tax of 10% and I bought a 250k home I'd pay $25,000. Bill Gates would pay $5 million.