RE: taxes

["Alan G. Isaac" <AISAAC@xxxxxxxxxxxx>]

This appears to be a fallacy of composition. The question
is whether a consumption tax will successfully tax
_individual_ stocks of wealth. (And in response to Bill,
the reason to do it this way is that I believe people
will be much better at hiding their wealth than in
hiding their consumption.) --Alan G. Isaac

On Sat, 1 Apr 1995 09:33:00 -0700 Bruce McFarling said:
>   Both of them [i.e., income and consumption taxes]
>are taxes on income flows, directly or indirectly.
>Estate taxes apply to wealth, for example, but both income and consumption
>taxes can only come from income flows that the taxpayers get their hand on
>one way or another.
>