Abolish Income Tax in favour of ConsumptionTax
Posted by Rueben on Sunday, 21 January 2007 17:04:59
David
Why dont we abolish the ancient concept of Income Tax? our modern consumer economy is more suited to consumption tax i.e the more we spend the more tax we pay and the more of a luxury the item is the higher the tax and as for food the more unhealthy it is the higher the tax the environmental impact or carbon footprint on the things we purchase could also be factored in to the rate.
What do you think?
Matthew Smith
Tax, Policy