4 ms·
How about abolishing income tax in general and just have a consumption and land taxes. I live and run my company in a tax haven. I had to move here in order to
by figjamjam 10y ago
How about abolishing income tax in general and just have a consumption and land taxes.
I live and run my company in a tax haven. I had to move here in order to be competitive internationally with other low tax jurisdictions. My only other option was to go out of business.
In addition to not having to pay any income taxes I also don't have to report anything to the government or worry about the government, bank, isp, phone company etc spying on me. No need to worry about going to jail over a misinterpretation of the tax code. I don't have to worry about immigration issues. Healthcare is completely private and very affordable.
Politics is a lot more boring when the parties are not fighting over who's in control over massive amounts of spending. Helps keep corruption down.
Leaving SF and moving to a tax haven was the best decision I've ever made in my life.
I'm culturally American, but I'm not a citizen. If the US were to adopt similar policies I'd love to move back. I'd bring money and jobs with me. But unless Texas succeeds I'm unlikely to see a western (anglosphere) country doing this in my lifetime.