Could you please describe why is that a bad idea? Or point me to a good reading source? I’m learning different aspects of economics and am genuinely interested to understand the downsides of taxing consumption as opposed to earnings. Now that I think about it, in India we are taxed on both ends.
Sales tax is regressive (lowest earners pay the most as % of their income, highest earners pay the least as % of their income) whereas income tax is [usually] progressive (lowest earners pay the least, highest earners pay the most)
