flat-rate consumption tax

There is a widespread view that the appropriate basis for taxation is an individual's lifetime consumption (or lifetime income). Discuss the inequities and inefficiencies that would arise from a consumption tax which had increasing marginal tax rates but no provisions for averaging years of low consumption with years of high consumption. Would these problems also arise under a flat-rate consumption tax?

© 2020 customphdthesis.com. All Rights Reserved. | Disclaimer: for assistance purposes only. These custom papers should be used with proper reference.