4 ms·
> Tax creates unnecessary pain There, fixed it for you.
by exabrial 6y ago
> Tax creates unnecessary pain
There, fixed it for you.
- disposekinetics 6y agoIt makes intuitive sense right? There exist mutually beneficial transactions that cannot happen because they are mutually beneficial at the original price point and not at the taxed price point.
- Dylan16807 6y agoWell, a tax on profit or wealth doesn't do that.
- oblio 6y agoWhat's the painless alternative?
- saalweachter 6y agoInflation -- the government prints money, devaluing all existing money. It's a tax with no paperwork involved.
- hyperpape 6y agoWouldn't this tend to cause overinvestment in durable goods? Instead of putting your money in a bank, you put it in something physical to resell later. Seems inefficient.
- GloriousKoji 6y agoGovernment prints as much money as it needs to pay itself. Now inflation and interest rates might be different type of pain but at least it's not the same pain of filing taxes, figuring out laws or finding someone to do that for you.
- oblio 6y agoOr you know, you could simplify filing taxes?
- int_19h 6y agoThis would be mathematically equivalent to a wealth tax on savings in cash or cash-equivalent, no? Meaning that the burden would fall mostly on those who have enough money to save it, but not enough to invest into real estate etc.
- exabrial 6y agoI think there's a couple of options. First if one was to consider the US government a charity they would have a zero star rating on charity navigator; for tax dollar collected versus put to good use. So starting with the end in mind and measuring the result would be the alternative.