SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (1400874)4/28/2023 12:24:43 PM
From: Wharf Rat  Read Replies (1) | Respond to of 1576290
 
"Only problem is that the consumption tax will always represent *someone's* income."
Only if you are too poor to save and/or invest; it's very regressive.

Consumption Tax Explained: Definition, Types, Vs. Income ...
investopedia.com

They state that since a consumption tax is a form of a regressive tax, the wealthy population consumes a smaller fraction of their income than do poorer ...