Spending is the moment when the money shows its ugly head and does harm.
Not enough, especially since everything is business expense for them.
This blind kind of tax also has horrible impact on the production of goods with high added value.
This is also easily accomplished now that almost all payments are happening digitally, assigned to a taxpayer ID#. We can easily replace a W-2 or 1099 with total spending instead of taxing working.
Of course, this should also be paired with similarly designed land value and estate taxes to disincentivize hoarding.
Maybe my household LLC should buy all my groceries while I work for the LLC which employs me as the sole contractor and live in the house that I rent from the LLC which I am the sole owner of. For major purchases, I can hire a low-income person to do the purchase and then sell the item to me, or maybe they lease it to me.
I'm not a tax lawyer but it's pretty easy to see the many loopholes in alternative tax proposals.
Where are you getting this from? Sales tax has nothing to do with one's assets. Also, land value taxes make hiding assets moot, since all real assets have to be stored on land. Of course, copyright protections would need to be reformed to be for far shorter durations of time.
>Maybe my household LLC should buy all my groceries while I work for the LLC which employs me as the sole contractor and live in the house that I rent from the LLC which I am the sole owner of.
Why should LLC's be exempt from the tax?
>For major purchases, I can hire a low-income person to do the purchase and then sell the item to me,
How does this help? You are still purchasing the item. If you are referring to purchasing it with cash and committing tax evasion, the same is possible with income tax today.
>or maybe they lease it to me.
Renting something is still considered a sale. You get charged sales tax at hotels. Renting apartments is not usually subject to sales tax, but that is a policy choice.
You can of course "own" things informally but then you don't get any support from courts when the paper owner decides you really own nothing.
I came up with the idea of puchase tax and progressive real estate tax myself, but I'm sure other people had same ideas before me.
