In a technical sense, any system of taxation involves a redistribution of wealth, from the individual to where the government chooses to spend it.

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For them, taxation represents an unfair seizure of wealth from those who earned it.

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While America certainly does have some redistribution of wealth via taxation, many on the right have always been vehemently opposed.

BBC: Is redistribution a foreign idea to the US?

So if a community borrows from its own citizens to fund worthy public expenditures rather than taxes those citizens, it will not alter the aggregate finances of the community or the wealth of the community any more than taxation would have.

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Ironically, the proposals barely touch the Warren Buffets and other super-rich who derive their revenue from capital gains and dividends and keep the bulk of their wealth from taxation by setting up private charities and foundations.

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None of the three understands the wealth tax embedded in sales taxation.

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Two of the provisions that I found rather intriguing were a wealth tax and land value taxation (also known as community ground rent).

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In tandem, governments should switch the burden of taxation from consumption to capital by reducing value-added taxes and increasing taxes on capital and wealth.

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