Charles2076 Wrote:
Aug 30, 2012 9:02 AM
All the more reason to replace the income tax with a consumption tax. The rich spend more, and will have to pay more to support their lifestyles. The New England "artificial aristocracy" like the Kennedys hide their wealth behind tax havens and tax free bond trusts, so that their heirs pay no taxes, and have ways to avoid paying an estate tax as well. A consumption tax leaves no havens, unless people resort to barter for their needs.