Which of the following arguments for a consumption based tax is / are correct?

A. People should be taxed on what they take out of the system, not on what they contribute

B. A consumption based tax can be made progressive

C. A consumption based tax increases dead weight loss

D. Discriminates against consumption later in life

E. Eliminates distortions arising from hybrid tax system, with some saving taxed differently from others

Choose the most appropriate answer from the options given below: