Frankly I'd rather see sales taxes (consumption taxes) go up, than property taxes for instance.
... I think sales taxes provide a fairer way to raise money...
... If you earn more money you will still be paying more taxes.....but the tax percentage will be the same for all ( a flat tax=equality).
I have the very opposite point of view.
Sales taxes are IMO inherently bad, and here in Sweden it's 25% on almost everything!
It's bad in two ways:
- First it dampens consumption and economic growth, which is bad for the society. You simply can't afford as much as without the sales tax.
- Second it's very unequal! Sure, low income consumer A will pay just as much tax as high income consumer B when spending the same amount. But if you compare taxes as a percentage of income you'll find that people with low income spend just about all of it, and then have very little left. Food, fuel and rents leave no net value. At 10% sales tax they pay 10% sales tax on their entire income. High income people, on the other hand, spend less than their full income in the first place. The things they spend money on also keep a higher value, so in practice they pay more like 5% sales tax on their income.
Property tax, on the other hand, is good for the society!
Money not spent reduce the general demand for products and services, which is a bad thing! (What is best for company X: Me spending $10,000 buying a portion of their stocks on the stock market, or me spending $10,000 to buy their products? I'd say the company will be more prosperous from the latter, actually gaining an income.)
General income tax falls somewhere in-between. To me it's a necessary evil, since it's so much easier to quantify than the absolute and correct value of property.
As I'd like to express it, somewhat exaggerated: If you're unable to spend your income, you earn too much!