Hoover Institution
Region: US
Monday 28 September 2026 14:43:01 GMT
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Will Hazlitt :
Yeah, sure. A consumption tax is in effect a tax on the poor. Like the lottery.
2026-09-28 20:14:46
104
Jatin Battu :
I'm confused - don't we already have consumption taxes?
2026-10-09 15:08:51
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ham :
so basically tax the poor
2026-10-10 01:09:27
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Jned55 :
No…tax the super rich on unrealized income, and close all other loopholes on those above 100 million.
2026-09-28 21:51:37
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Factsmatter :
Consumption tax is a regressive tax. Why should the person with the lowest ability to pay to have to pay at the same rate as the person with the highest ability to pay? Divide total individual wealth by every man, woman, and child, you get almost half a million each. I am not saying to just take the wealth and distribute it. I'm just illustrating how much wealth we are talking about. What needs to happen is the wealthy must be incentified to pump their wealth back into the economy.
2026-09-28 20:11:14
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jamesmarshall3260 :
Consumption taxes are regressive. A system like this will greatly increase the tax burden for the working class, reduce taxes for the wealthiest and stunt economic growth
2026-09-28 22:23:14
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Gimme all your oven :
It’s by far the fairest possible tax.
2026-09-28 16:15:39
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douglittle49 :
Its regressive
2026-09-29 00:52:09
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joeyjojojuniorshabadoo :
this guy's big idea is tax the poorest the most heavily and incentivize hoarding wealth. great
2026-09-29 10:20:08
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7indsey :
Just FYI, the lower and middle class end up paying upwards of 10% of their income with this kind of tax system especially without everyday necessities excluded. One you get up to $5M the percentage rate drops to below 1%. Who’s this really going to benefit?
2026-09-28 20:52:48
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Dr :
So the rich do not pay their fair share
2026-09-29 02:24:16
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T-Bird :
This will just drive the cost up more
2026-09-28 19:04:59
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yepitsmefosho :
Isn’t that much more regressive than our current system?
2026-09-28 19:02:39
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Carlos :
Great! The real rich will pay less and the poor will pay the same or more. No thank you! I pay 20+% , I want to see the billionaires and corporations paying the same! I want to see the taxes going where they belong, not with ordinances, but education, social programs and infrastructure! Less bombs more food for the hunger!
2026-09-29 02:02:37
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raindougsk :
This is one theory, but it punishes the poor.
2026-09-29 15:10:22
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WTFawk1962 :
consumption tax is absolutely not fair on the poor, benefits those that hoard wealth so guess who
2026-09-29 08:43:32
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Logan Young :
this is just a massive tax increase on the working class and a massive tax cut for the wealthy. we spend the vast majority of our money on goods and services and they hoarde the vast majority of theirs.
2026-09-29 01:16:33
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ok now :
Tax consumption. Exempt food and certain levels of housing, transportation and medical care. Those that spend the most are taxed control. The founding fathers were against direct taxes.
2026-09-29 03:57:55
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raw_207 :
Regressive tax and will increase the wealth gap, cause you can only consume so much. Poor people have to spend most their earnings 👍
2026-09-28 22:13:56
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ajthepatrick :
Wouldn’t that just make ppl sit on money
2026-09-29 04:26:43
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Anti DiFL :
Basically, if your capital deployment skills are superior to everyone else then, given enough time, you can effectively rule the entire human race. Capital wins. Humanity loses.
2026-10-01 04:25:32
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Boozer :
With a consumption tax, no one is immune to it. I just want to know what the tax would be. State & local is 7%(average) I say no more than 3%!
2026-09-28 22:00:40
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Tkrizzley :
Consumption tax is regressive. We need to tax wealth highly progressively
2026-09-29 12:05:30
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randomplayer#3 :
The consumption tax rate would be 37%. So groceries would increase to astronomical levels and the car industry would bottom out
2026-09-29 03:31:21
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Lveran :
No. Just make a flat rate of 10% and every person and corporation pay it on any form of compensation or profit
2026-09-28 22:45:02
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