Bill Gates Points To The Best Tax System, The Progressive Consumption Tax

In a meeting at the AEI Bill Gates points to what economists will argue is the best possible tax system, the consumption tax. It's worth pointing out the details of quite why economists think this is such a good tax: I think tax structures will have to move away from taxing payroll. ... Technology in general will make capital more attractive than labor over time. Software substitution -- whether it's for drivers or waiters, nurses ... it's progressing. And that's going to force us to rethink how...