The NRST is an inherently regressive form of taxation that is truly despotic.
Long term, it would result in a two-tiered socio-economic stratification of our society.
It is not disimilar to a 21st Century eco-feudal system where the corporate aristocracy invest and expand their property holdings completely tax-free, while the serfs are overburdened with the excessive taxation on consumption and persuaded that it's supposedly "fair" because the consumption taxes are redistributed through the formal social welfare system.
The NRST, like the flat tax, is proportional. They are neither regressive nor progressive. They take a flat percentage of production/consumption.
Even though the NRST and flat tax are extremely similar, the flat tax is superior because it does not have as many negative transitional disadvantages.
You've posted this comment about 1,000 times. You must have spend a very long time on it to come up with such compound terminology as "eco-feudal" and "corporate aristocracy". Your mother must be very proud. No Pat No!
"The NRST is an inherently regressive form of taxation"
Absolutely.
>it is not disimilar to a 21st Century eco-feudal system where the corporate aristocracy invest and expand their property holdings completely tax-free, while the serfs are overburdened with the excessive taxation on consumption....
supposedly "fair".... taxes are redistributed through the formal social welfare system<
Starkly clear sighted and absolutely correct.
(I can hardly wait to see how the corporate elite react when the Communists nationalize their holdings in China!
For greed the price must always be paid.)
Willie,
You are just plain wrong.
Are you defending the current system or do you support another plan?
If not another plan, would you explain the vested interest that you have in keeping the current system?
Willie, your posts are starting to read like Marx/Engles.
Sounds good to me.
What do you propose for tax collection?
Defending the current system? Or have a better idea?
"It is not disimilar to a 21st Century eco-feudal system where the corporate aristocracy invest and expand their property holdings completely tax-free, while the serfs are overburdened with the excessive taxation on consumption and persuaded that it's supposedly "fair" because the consumption taxes are redistributed through the formal social welfare system." ......prove it...wothout citing John Meynard Keynes ......