Welcome to the supply-side, Whoopi!

How true! This is one of the reasons (but not the only one) that I am a fan of the "Fair Tax". It is always a bad idea to tax earnings, investments and savings. It is much more fair to tax consumption. Have no or a low rate on "necessities of life" like food and a flat rate on everything else. In the case of the Fair Tax, this is resolved via a pre-bait on what you would be expected to spend on necessity taxes.

Fair Tax information

This is a presentation on the Fair Tax that is well worth watching.