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Yes, another reason to move to taxing consumption rather than income.

However I don't care where you live, if you are earning $200K in a household you can afford to save.

Except that consumption based taxes encourage wealth hoarding, and are extremely regressive for families that spend most or all of their income. A better format would be a "average middle class household cost of living" adjustment.

We have to have a variety of tax bases (consumption, income, property.) Otherwise those with income/assets in excess of $500k can easily move money around to avoid paying a similar share to people who are less well-off.

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