No. of Recommendations: 13
Increasing U.S. consumption taxes is sensible.
Consumption taxes are regressive. People with low incomes spend a far higher percent of income on basic needs, while wealthy people put it in the bank, or use it to buy services, which are (by and large) not subject to tariffs, often not to taxes.
My daily massage is untaxed, as is my regular visit from the gardener or my pool boy, but my pool boy, gardener, and massage person pays consumption taxes on the food they, uh, consume, the clothes they buy, and most everything else they need to do their jobs.
Somehow doesn’t seem quite fair, does it?
