One idea to make the tax system fairer and simpler is to simply use a transaction tax: every time money changes hands, a (low) percentage is collected as tax income. No exceptions. Proponents claim this would be equitable, enforceable, progressive.
Thoughts?
I think that this idea falls into the trap of seemingly-elegant ideas which are more appealing to engineers than realistic. I also think it’s stupid. More at:
http://wolftone.livejournal.com/10635.html