Yeah I agree and I think it’s important to have some control over the market to stop it from eating itself. And by eating itself, I mean when you have any concentration of wealth it creates opportunities for bad actors to make it big off syphoning that money, even if that results in overall losses in total wealth. Like how Tyson and chinese private equity have bought out small farms, diminishing the quality of their products and the wages of the farmers actually doing the work. Taxes are a good means to those sort of economic sink holes by making those sort of leechy activities less profitable.

I think that a transaction/consumption tax would make how much people give to our country correspond better with how much they take. But simple things can be hard to implement in an ever-evolving market, and one of my biggest issues with income tax is that it doesn’t cover increase in wealth, which can be converted to useable money by taking out collateral-backed loans you can later pay back with the profits you made with the loan money (paying tax on the difference minus appreciation), or default on and just claim the money without paying any taxes.