Quote:
Originally Posted by RationalExpectations
It is possible to construct a progressive consumption tax such that the first $N is untaxed and then follows progressive tax brackets to be as progressive as desired -- even AOC-style progressive.
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RationalExpectations, I suppose we could administrate an actual "progressive federal consumption tax" within a cashless society where all commercial transactions were required to be conducted with government monitored credit or debit cards.
We could then possibly have much more equitable, more populist, and more effective tax system than any nation has ever experienced.
But such additional government power could and likely would be a liberal and a libertarian's nightmare.
Remember President Richard Nixon's “enemies list"? Some unnamed government appointees and/or civil servants denied Nixon's rise to become Emperor of the United States.
Did the German voters realize and care that the National Socialist Workers Party, (i.e. Nazi) Party was opposed to Germany's other communist and socialistic political parties? Germany's military and industrial leaders assumed that they would retain control of the Nazi Party they supported.
Republican leadership believed they could retain control over their party, but the Tea Party movement became the dog the prior leadership were only the tails that had to go along with the remainder of the dog.
Now it's President Donald Trump's party but 2020 voters may hold Trump and Republicans responsible for Trump's administration. Be grateful for the president's power through Treasury Department, and grateful for the constitutional limitations upon the president and the secretary of the treasury.
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