Wrong againThe conservatives will counter the regressive nature of the consumption tax by saying that things such as food and health care would not be taxed.
So we would all have to pay the full tax when buying products or services, keep all of our receipts, and file them with the IRS every year. THEN we'd get money back, if the IRS agrees with all of your deductions. The huge amount of paperwork involved would make us long for the old 1040 form.
Or the government could issue 'prebates' to the poorest among us on a monthly basis, to be rectified at the end of the year. More paperwork.
It's debatable if the exclusions for necessities would actually help the poor or near-poor. It depends on what items are excluded. What about education costs and health insurance costs? How about the price of buying a home?
Remember, the more things that are excluded means that those non-excluded items will have to be taxed more, severely hurting the middle class. If the tax is set at 50% you will be paying $450,000 for a $300,000 home.
And the very rich will make out like bandits.
I say tax everything...,And I am conservative
Then refund 100 percent of the tax to the poor
But I have also told you this dozens of times and you revert back to your spin spin spin
Typical far left loon