Consumption tax

Obviously, as someone opposed to the state, I oppose taxation, which is no different from the extortion rackets concocted by gangsters. But the state is not going away, and taxes aren’t either.

If there must be a tax system, a progressive consumption tax seems far more reasonable than the current personal income tax imposed by the U.S. I first came across a progressive income tax proposal by Robert Frank in 2008 where the tax liability basically equals income minus savings minus a large standard deduction. He has a more recent and fuller discussion of the same idea in an article that also addresses the issue of exponentially rising pay for corporate executives.

I realize that converting from the current personal income tax regime to a consumption tax regime would be a major headache for the IRS and other agents of the state, but that’s not a good reason to oppose an improvement.


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