A comment by HeckBoy on If it moves, tax it
I taught accounting at a junior college for a while. Listening to conservatives when they try to teach the principles of economics to liberals reminds me of trying to cram the notion of debits and credits into skulls full of mush.
The more money the public/consumers have in their pockets, the more they’ll be able to spend/invest and the more the economy will grow. It’s that simple! Taxing the consumer to death kills the economy and thus makes the consumer - and businesses - more dependent on the government.
At some point taxation becomes wealth re-distribution. It’s probably not as fine a point as it would seem and - if it were considered to be the tax ceiling - would reduce a great deal of the fluff and free handouts for which the people who work for a living are forced to pay.