[astrange]

> Well now we are going to get into more unpopular hot takes, because IMO income based taxation is theft....

Most of the other replies to this point are not really that helpful. The actual economic point is that since income taxes apply to /everyone/, they do not make you in particular less rich, because your relative amount of money is maintained. In fact, they're one of the main things making the currency valuable by providing demand for it, so you could say they're what make you rich.

VATs are more effective taxes at collecting revenue though, which is why most European countries use them, but only land value taxes avoid deadweight loss. Thanks Henry George.