Originally Posted by aklim

I think a POS sale is cheap and easy to do. We are already doing it today. I know that when I buy a $1 cheeseburger, I pay 6 cents in tax. This will stop anyone from screwing around with "Borrowing from Peter to pay Paul". Earn 10 billion and spend nothing? No tax. Earn 1000, borrow 2000 and spend it all? Get taxed on $3000. The more you buy, the more you pay. After all, you are taxing the infrastructure to provide for your purchases so contribute to it.

This way I know what I am paying in taxes. Today, nobody knows and the govt gets to tax you directly and indirectly and you have no clue as to what they are doing. So I lower your IRS (visible taxes) and ramp up the indirect (invisible taxes) and look good to you.

If the govt overspends and needs more money? Easy. Raise the total percentage and watch the blood boil. Today, they can do it here and there and you don't know. Each pool of money is a money cache they can tap.

It might also help the fact that we have no savings for our future.