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No, I do not. In fact, when it comes to income taxes, I object to the social gamesmanship + privacy invasion more than the actual amount. A solution I prefer would be a federal sales tax, combined with a Universal Basic Income.

The UBI would be equal to the amount of the tax on up to some minimum income level (say, 50k / year). In other words, everyone gets a monthly check that is essentially a rebate on their sales tax up to the income threshold.

That's simple, loophole-free, and avoids the privacy invasion that accurate income tax collections require.




That only works until individual wealth outstrips consumption. It also punishes people from participating in the economy.


I think we have the first problem now anyway. And I have no problem with a tax code that gives a little friction to profligate consumerism. In any case, I don't think you need to worry about my idea becoming policy any time soon :)




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