For the most part, rich people produce far more than they consume. Poor people consume far more than they produce. Consumption inequality is vastly lower than income inequality.<p>I&#x27;m opposed to income tax as well. A consumption tax is the best tax, since it&#x27;s both a) hard to dodge, b) transparent and c) doesn&#x27;t penalize investment.<p>In principle an income tax is equivalent to a consumption tax, but in practice taxing labor income but not capital income induces all sorts of tax avoidance schemes that treat labor income as if it were capital income.