how can income be considered an asset? All you're advocating is adding on a net worth tax to the income tax.
It seems to be going right over your head. Let me see if a larger font helps you. I WANT FAIRNESS FOR EVERY CITIZEN!
Make up your mind am I a liberal or a communist. They are not the same thing in case you didn't know. And a tax system has nothing to do with either. This is a good day for you, you've learned something new.
In your post that I quoted you said, "Nobody should have to pay any taxes until they have got their feet on the ground and are finally making more than they need to stay out of poverty." Again: Freedom ain't free; not for the rich nor for the poor.
The idea was that the rate would be so low that the benefits would out weight the liabilities and spread the tax base out. In reality there will be no overhaul of the tax system, it's just to complicated to change everything. No fairfax no flat tax. Our only hope is our brave representatives in congress will improve the present system and do a wiser job of spending our tax dollars, which is to say there is no hope.