I don't see the hyper-rich in Sears buying clothes, in Home Depot buying carpet, in Publix buying groceries.
So any tax that uses existing tax structures needs to be scrapped and started from scratch.
Perhaps eliminating trust funds (which exist to protect wealth form taxes) would be a start.
Better yet (or BEST), have the government stop spending so damn much so we don't need to tax so damn much in the first place. Don't get me started! This overspending is--and we all REALY know this, dems and Pubbies alike--the root of the problem. They sell their votes, which burns through OUR collective cash. They NEVER stop spending, but keep coming to us with their hands held out for more, with the power of the state as a jack booted thug backing them up.
Just because they don’t buy them at sears, the super rich still buy clothes. I think the consumption tax is best, followed by a flat tax as second choice. Our current system is rotten to the core. While far from a millionaire, I am sick and tired of paying a 50%+ marginal tax rate while being told I am not paying my fair share to support the 50% who pay nothing...