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by sprucevoid
1568 days ago
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Robert Frank's progressive consumption tax proposal, https://archive.ph/AXDkQ Another alternative is flat consumption taxes on climate damaging products combined with general wealth taxation and cash redistribution to lower the impact on low income/wealth households. |
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The beauty of this is that now you can add astronomical consumption taxes, and just plow the increased revenue into the guaranteed income pool. On average, the consumption tax is revenue neutral for the government, and (as a percentage of income) disproportionately goes to the poor.
Also, you can eliminate 99% of the US tax accounting industry, food stamp program administration, and all sorts of other bureaucracies.