Alan Greenspan, former Chairman of the Federal Reserve, discussed the advantages of which kind of tax system, "particularly if one were designing a tax system from scratch"?

Question

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Alan Greenspan discussed the advantages of a consumption tax, which is a tax on goods and services that people consume rather than on income or wealth. He argued that a consumption tax would encourage savings and investment, which would ultimately lead to economic growth. Additionally, a consumption tax may be simpler and easier to administer than a complex income tax system.

Alan Greenspan, Former Chairman of the Federal Reserve, Discussed the Advantages