No matter what is taxed it ultimately falls on ordinary people to pay because that is where the bulk of the money is even if it is spread thinly. The question of "fairness" only arises because the total amount of taxation is so high - roughly 50% or more in most developed nations today when all taxes are taken into consideration. The much bigger issue is spending. Circa 1900 governments spent less than 10% of GDP, now it is 50% or more. And a great deal of that spending is on government itself. They take our money to "redistribute" it, but they skim half of it off the top first. On top of that once in office government workers have to justify their work so they mostly spend their time getting in the way of people who are getting things done. What we really need is a smaller government that spends much less of our money, and therefore doesn't need nearly as much revenue. If we could get back to government spending less than 10% of GDP the precise form of taxation would matter much less.
If taxation was abolished and replaced by crowdfunding and voluntary subscriptions then only the projects and services deemed worthy by the public would receive continued funding out of what they can SPARE and never out of what they rely upon to financially survive.
a debit tax is all you need. say 2%. average joe pays $20 on every $1000 he takes out of the bank. Big biz and banks will pay the bulk of tax as they should. would raise 3x what is collected now and the little guy is far better off.
This mentality is the fastest way back to the middle ages. Advancement proceeds with the amount of talent that can be leveraged from the population. This waste of oxygen would cut public schooling and healthcare so he personally gains more from making money by shoving it around or just owning something. If everyone worldwide put half the effort into cancer research that they put into tax evasion it would've been solved decades ago, let that sink in.
His proposal didn't make any sense, just like the current tax system.
Moving to Monaco next year
No matter what is taxed it ultimately falls on ordinary people to pay because that is where the bulk of the money is even if it is spread thinly.
The question of "fairness" only arises because the total amount of taxation is so high - roughly 50% or more in most developed nations today when all taxes are taken into consideration.
The much bigger issue is spending. Circa 1900 governments spent less than 10% of GDP, now it is 50% or more.
And a great deal of that spending is on government itself. They take our money to "redistribute" it, but they skim half of it off the top first.
On top of that once in office government workers have to justify their work so they mostly spend their time getting in the way of people who are getting things done.
What we really need is a smaller government that spends much less of our money, and therefore doesn't need nearly as much revenue. If we could get back to government spending less than 10% of GDP the precise form of taxation would matter much less.
They also didnt know what taxes re and what it means to be *legal*
If taxation was abolished and replaced by crowdfunding and voluntary subscriptions then only the projects and services deemed worthy by the public would receive continued funding out of what they can SPARE and never out of what they rely upon to financially survive.
a debit tax is all you need. say 2%. average joe pays $20 on every $1000 he takes out of the bank. Big biz and banks will pay the bulk of tax as they should. would raise 3x what is collected now and the little guy is far better off.
This is the only economic model that is fair, equitable and works for everyone folks....Georgeism, named after Henry George
This mentality is the fastest way back to the middle ages. Advancement proceeds with the amount of talent that can be leveraged from the population. This waste of oxygen would cut public schooling and healthcare so he personally gains more from making money by shoving it around or just owning something.
If everyone worldwide put half the effort into cancer research that they put into tax evasion it would've been solved decades ago, let that sink in.
Or we could do what the United States did until 1913. Tariffs and property tax. That’s it. No bullshit payroll tax or income tax.