We often hear the argument that taxing consumption is not progressive and hurts the poor. This is usually suggested when talk show hosts and politicos realise that deficit spending is not such a good for future generations and the government must find more revenue.
Seldom does one hear or read someone say, government needs to spend less. Mr. Raymond Winder is a notable exception.
Back to taxes.
"Personally, I'd like taxes – of whatever kind – to be as low as possible. But given that you have to get some money from somewhere, I'd argue that a system based primarily on consumption is simpler, better, fairer and – if handled right – less controversial than the other two options."
Now I wouldn't mind taking credit for that quote, but it's from Robert Colvile a Telegraph columnist in early March.
Read his entire blog post here… and let me know if you agree or not.