- Feb 22, 2017
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So what other way could it be? It's the system our founders setup. If we want to change it, we would have to go into constitutional amendments.
But I could control spending without changing the Constitution. I've been saying it the last few years. A consumption tax. That's right, we all start paying for the spending our Congress does.
The consumption tax would be strictly earmarked for deficit spending. If the deficit spending exceeds the consumption taxes we are expected to collect, we simply increase the consumption tax. That means every single American has a dog in the race, even people that make money illegally like selling drugs or prostitution. The threat of increased taxes would get everybody's attention, and put pressure on our representatives to cut it out.
It is a great idea. In a different thread someone put forth a flat tax, everyone pays the exact same amount. To cover the spending bill just signed we all need to send in a check for about 28 grand.
You down with that?