>>>>>>>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.

hmmm, over here utility prices rising or being much above the cost in neighbour countries ticks quite a fe pepole off. In most of these cases there are high specific taxes on the stuff itself (fossil energy) or additional subsidy paid by consumer (solar power) the things hiking the price - and also increasing the VAT on top. If ov switched to pure consumption based, we'd see more of that stuff. As much as I would love to see tax accountants having no work to do ;-)...