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I agree with a "consumption tax" as you call it, only I'd call it sales tax. However, you have to eliminate a couple things first. Get rid of all income tax, social security, and welfare. Then a consumption tax is realistic. Everyone then controls the amount of taxes that they pay. If you don't want to pay taxes, don't buy anything. Not realistic, so if you don't want to pay higher taxes, then don't buy Tahoes and 3000sqft houses.
If you just add a consumption tax like you propose, then you are taxing people twice on the same dollars and that already happens too often (IRA contributions, captial gains tax, estate tax, etc). But, that's probably okay with you. It sounds like you just want the rich to pay more and the less rich to pay less. Why can't everyone just pay their fair share and let it be?
Okay, not really feasible (too many "need-to-feel-good-so-take-money-from-those-who-work-for-it-to-give-to-those-who-are-too-lazy-to-work-for-it" people in the positions of power). So make income tax a flat 15% (10% Federal and 5% State...those are valid numbers by the way, Forbes proved it awhile back that 11% would actually be enough, but say 15% for arguments sake). Of course, those taxes should only go to pay for things outlined in the constitution (like the defense of the country, I would include infrastructure as well). Cut out paying for welfare and almost all of these social programs. Make everyone pay 15% right off the top and again, you have everyone paying their own fair share meanwhile everyone has more of their own money in their own pockets....meaning more of us could afford to buy the top dog Camaro and kick the crap out of the Mustangs and Ricers on the road.
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