Discussion: Wealth Tax v. Income Tax v. Consumption Tax v. ???

Well, Joe, I think you've begged the next question. What is the most effective method of taxation? I suppose that hinges on what the goals of taxation are. If anyone else has tuned into this page, I encourage your comments. I'm all for a consumption tax coupled with a forfeiture of all funds upon death exceeding some high threshold ($50 million, maybe). I will elaborate later, but in the meantime, what are all your thoughts?