But being as how the US is the most successful economy on the planet, and we've been saddled by this income tax for decades, I'll have to be seriously convinced that somehow this is "better" before I'll support it.
The fact that it's "progressive", is enough to make me skeptical already.
It's better because it gets the government's nose out of every single transaction that you make. They still collect their money, but they don't know every single damn thing you have ever bought or sold, for profit. All those IRS examiners - gone.
That's just a self-defense word against liberals. The trick is that everyone would be treated identically, and fairly, so the standard deduction would mathematically mean that people who spend less have a greater portion of the their taxes rebated.
Question's I have: What will it cost the retailer to collect these taxes, how much will he get to keep for his efforts, lots of extra bookwork for the retailer.
What happens when we return an item?
What happens when there is a recession and no one is buying anything?
I never want to see services for Medical taxed.
Services need to be defined. There are a lot of other questions I think will come to mind later, but if passed later is to late, and "progressive" to me means just that, start at 20%, not enough no problem take it to 25% so and so forth.