I think I could get behind the elimination of all income tax in favor of, say, a VAT tax. Your income is a reflection of what you CONTRIBUTE to society. Your consumption is a measure of what you TAKE from society. If I had to tax only one, I’d tax the taking, not the giving.
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I'm all for eliminating any tax but am concerned this will increase the window in which youth are leftists and vote for "free" stuff.
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I’m concerned this was your first thought.
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Will everyone 27 and over be demanding reparations now?
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I like this, but I’d like it even more if the government required them to put the equivalent in a Roth IRA. And even better if a condition of tax exemption was three months of military training at 18, and one week annually thereafter to age 26. Hey
@POTUS
do this! - 1 more reply
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Oh, wait! I think we just found our next FREE!!! CC:
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I expect some weird arbitrage effects. Workers who don’t have to pay tax will work for less. This will probably exacerbate age discrimination against older workers.
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Plus lots of people who are having 25th birthday over and over
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