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The lower the tax - the more money will stay and will be reinvested into the local economy. That should be easy to understand. Just as robbing productive peop

The lower the tax - the more money will stay and will be reinvested into the local economy. That should be easy to understand. Just as robbing productive people with taxes is not going to work.

turbinerneiter 5y ago
How do you pay for schools, police, firefighters in your tax-free world?
- Trias11 5y ago
  Make tax rate 5% to keep ALL capital in local economy. And that better than losing 90% of capital away for good. Significantly reduce or offset personal and capital gain taxes for people who are investing into public projects. There are many more better ways that tax abusive policies that never work.
  - turbinerneiter 5y ago
    What? Reinvested money already isn't taxed. Companies pay taxes on profits. If they invest more, they reduce their taxable profit and therefore their taxes. Taxes are not deferring investments, investments are the prime way to pay less taxes. The government wants you to reinvest rather than pay taxes. Off-shore tax havens broke that system. These companies have billions of dollars sitting unproductively in the Bahamas because they neither want to invest not pay taxes.
modo_mario 5y ago
>The lower the tax - the more money will stay and will be reinvested into the local economy. The less progressive the tax and the less it's properly enforced the more inequality will occur. Poor and middleclass more effectively stimulate the economy with an equal amount of consumption simply due to the nature of what they spend it on and their quantity. >Just as robbing productive people with taxes is not going to work. How many of these are super productive, hardworking and/or smart to such an extent that their hard work and/or wonderful decision-making proportionally matches their wealth compared to you know your average middleclass engineers, programmers, medium and small business owners or the like. I'd estimate the percentage to be very small. And if their wealth somehow matches their productivity proportionally and above a certain amount quantifiable as ridiculously wealthy i'd start wondering where in the superhero universe these people fit.
- Trias11 5y ago
  You're overcomplicating this. Back to my point: "The lower the tax - the more money will stay and will be reinvested into the local economy." Start here. Less taxes == more money is staying and reinvested in the local economy for the good of everyone. Bonus: more money start coming in from other jurisdictions that are abusing their productive citizens and businesses with exorbitant taxes.
  - modo_mario 5y ago
    >You're overcomplicating this. You're oversimplifying this but even when just sticking to the core of your point i strongly disagree. >Start here. Less taxes == more money is staying and reinvested in the local economy for the good of everyone. Not really. Want to stimulate the economy with reinvestments? Dis-incentivise stock buybacks and the like, tax hard. Companies and people don't like to pay taxes. How do you avoid taxes as a company or owner? By having less profits trough reinvestment in R&D, growthprojects and wages. Tax less and you reduce the incentive to reinvest into the local economy.

The lower the tax - the more money will stay and will be reinvested into the local economy. That should be easy to understand. Just as robbing productive people with taxes is not going to work.

turbinerneiter 5y ago

How do you pay for schools, police, firefighters in your tax-free world?

Trias11 5y ago
Make tax rate 5% to keep ALL capital in local economy. And that better than losing 90% of capital away for good. Significantly reduce or offset personal and capital gain taxes for people who are investing into public projects. There are many more better ways that tax abusive policies that never work.
- turbinerneiter 5y ago
  What? Reinvested money already isn't taxed. Companies pay taxes on profits. If they invest more, they reduce their taxable profit and therefore their taxes. Taxes are not deferring investments, investments are the prime way to pay less taxes. The government wants you to reinvest rather than pay taxes. Off-shore tax havens broke that system. These companies have billions of dollars sitting unproductively in the Bahamas because they neither want to invest not pay taxes.

modo_mario 5y ago

>The lower the tax - the more money will stay and will be reinvested into the local economy. The less progressive the tax and the less it's properly enforced the more inequality will occur. Poor and middleclass more effectively stimulate the economy with an equal amount of consumption simply due to the nature of what they spend it on and their quantity. >Just as robbing productive people with taxes is not going to work. How many of these are super productive, hardworking and/or smart to such an extent that their hard work and/or wonderful decision-making proportionally matches their wealth compared to you know your average middleclass engineers, programmers, medium and small business owners or the like. I'd estimate the percentage to be very small. And if their wealth somehow matches their productivity proportionally and above a certain amount quantifiable as ridiculously wealthy i'd start wondering where in the superhero universe these people fit.

Trias11 5y ago
You're overcomplicating this. Back to my point: "The lower the tax - the more money will stay and will be reinvested into the local economy." Start here. Less taxes == more money is staying and reinvested in the local economy for the good of everyone. Bonus: more money start coming in from other jurisdictions that are abusing their productive citizens and businesses with exorbitant taxes.
- modo_mario 5y ago
  >You're overcomplicating this. You're oversimplifying this but even when just sticking to the core of your point i strongly disagree. >Start here. Less taxes == more money is staying and reinvested in the local economy for the good of everyone. Not really. Want to stimulate the economy with reinvestments? Dis-incentivise stock buybacks and the like, tax hard. Companies and people don't like to pay taxes. How do you avoid taxes as a company or owner? By having less profits trough reinvestment in R&D, growthprojects and wages. Tax less and you reduce the incentive to reinvest into the local economy.