>>>>>>>There's a difference between capital/investment income and labor income and how it's taxed
>>>>>>Of course there is and that's why we need Welfare Reform.
>>>>>>Look back and see who financed the lobbyists who got that put into law.
>>>>>>
>>>>>>You won't find many wage earners or small business owners who think that capital gains and certain investment income should be taxed lower than labor income.
>>>>>
>>>>>How many do you think believe as I do that income shouldn't be taxed at all? Does that make their opinion more or less valid to you? ;)
>>>>
>>>>Stupid question: without taxes how are we supposed to provide police and fire services, a military, schools, and so on? (I am tempted to try to slip the EPA past you but won't be a wise guy).
>>>
>>>Stupid answer : No income taxes != no taxes
>>
>>OK, I'll bite since I know you know a lot about finance. What kind of tax(es) do you suggest?
>
>Consumption based.

With the new TTP agreement between the EU and the US, it would be insufficient to get it all on consumption based taxes. It is simply not enough.
It even now is not enough.