I assume you also mean do something like tax consumption? I like the idea but haven't read too much literature on how that would actually work out -- if anyone has good links please share!
Many countries in the world have this e.g. UK = VAT, Australia = GST.
It's a pretty awful tax on its own because it disproportionally punishes the poor more than the rich. Why ? Because the poor spend a lot more of their discretionary income on consumable items like food whereas a lot of rich people just accumulate wealth without ever spending it.
Also it's very easy to work around since you just use cash and so you can end up with massive amounts of tax avoidance.
The only reason it's used is because you can tax services with it and many countries are heavily services driven.
