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Everyone in the country gets x dollars per month/year/whatever to use on whatever they like. Now a consumption tax is easy and indiscriminate. Everything is ta
by asimpletune 6y ago
Everyone in the country gets x dollars per month/year/whatever to use on whatever they like.
Now a consumption tax is easy and indiscriminate. Everything is taxed at Y% at the cash register.
I think I read somewhere like a 23% tax would be sufficient to offset all income/corporate taxes.
- AnimalMuppet 6y ago23% is is probably going to ignite a significant black market.
- laughingbovine 6y agoI think a tax system this simple would be similarly simple to audit. Or maybe you would calculate your consumption tax at the end of the year, and then it wouldn't matter who you buy from.
- AnimalMuppet 6y agoI was thinking "black market", not "hard to administer". For that much money, there are plenty of people who are going to be willing to do off-the-books transactions. And no, it won't be simple to audit. Can you prove that all the food you ate last year came from the grocery store? That you didn't buy any from your neighbor's cousin, who works at a wholesale warehouse?
- jl2718 6y agoWhat is consumption? Food? Sure. House? Car? Art? Insurance? Medical? It’s not easy. Neither is income.