4 ms·
Simply eradicate the silly income taxes and use traditional real estate tax, energy taxes, road tax, sales tax, and other waste taxes. The problem is that count
by foolmeonce 6y ago
Simply eradicate the silly income taxes and use traditional real estate tax, energy taxes, road tax, sales tax, and other waste taxes. The problem is that countries that messed up their tax system during a war aren't going to revert them so they are forever dealing with the market results of taxing income instead of taxing resource usage.
Why shouldn't you buy and hold important resources if the society isn't making those resources fund the system?
Having these free gifts for whoever had money seemed very clever back when the rich people from a system didn't have to let foreign rich people have the same access to their plunder.
- toomuchtodo 6y agoEradication of the income tax is highly regressive and creates outsized power and control for those who accumulate excessive amounts of capital.
- jkinudsjknds 6y agoI mean it depends on what you replace it with. Sales tax on basic necessities is regressive. Real estate tax, not so much. Capital gains tax definitely not.