As far as I can tell, the proposal doesn't exempt necessities from the 30% tax, including housing, food, etc. So I'm sure that the average American is going to love their home purchase going up by >$100k when nobody can afford to buy a house already.
Of course, you could exempt essentials and then only collect a fraction of the required revenue to fund the Government.
It's a remarkably bad idea that has to be hugely unpopular and something that I'd be highlighting like crazy if I were a Democrat running for office.
Of course, you could exempt essentials and then only collect a fraction of the required revenue to fund the Government.
It's a remarkably bad idea that has to be hugely unpopular and something that I'd be highlighting like crazy if I were a Democrat running for office.