Originally Posted by
FXLAX
A sales tax is essentially a tax on wealth. Any income anyone earns is eventually spent. So taxing wealth is a simple as a sales tax. Fairtax.org
Since the politicians gain most of their power and wealth from lobby groups buying their vote to manipulate the tax code, they will vote to end the current model about the time that we vote to allow cabotage. I’ve read the fair tax books and think that it would be a vast improvement over our current system, but politicians are primarily driven to enrich themselves and their party, not their constituents.