I just see more pot holes in the income tax than a sales tax.... Not taxing savings is massive, allowing larger pools of capital to grow, increasing a saving habit would be huge in any country. Sorry, I have debated an economist teacher into shrugging his shoulders and wondering why a sales tax is called regressive in the first place... it's a delusion. Any change in the tax code has damaging effect along the way... so yes its not painless, however i have personal testimony from someone who lived in Tennessee when they did this, the economy was far better. Also, economic studies concur.
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