A few ideas regarding rebalancing the economy

[Dotard]

Raise Income tax.

Positive: A person spending most (if not all) of their income will see a reduction in the costs required to live and have more disposable income to spend or save, a person who earns $500 a week and spends it all on rent, groceries, fuel etc will find it easier to purchase what they need,

Whut? Explain how that would work please. Take more out of my paycheck and somehow I see a reduced cost of living? I somehow have more disposable income by taking more out of my check?

OH! Get rid of sales tax you say? No. No no no.
People with lots of money have money to hire tax lawyers and find all the loop holes to get out of paying their fair share. Us poor folks can do nothing but pay what collector says we have to pay.
Get rid of income tax. Raise sales taxes. You don't tax food or basic shelter. Raise luxury taxes even higher. The rich will always be spending their money. Everyone will be a contributor now. Drug dealers, prostitutes, tax evaders can't evade the sales tax.
If the costs of goods and services goes up, for me, say about $2500 a year I would call fair trade if I got rid of my average $2500 a year income tax liability.