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Okay, so… there is a way. You can value things by tax auction. - first every owner self-values their assets at $V and pays X% of $V - then an interested buyer
by jl2718 5y ago
Okay, so… there is a way. You can value things by tax auction.
- first every owner self-values their assets at $V and pays X% of $V
- then an interested buyer bonds $W>$V earnest money
- then the owner pays Y% of $(W-V) or the buyer gets it for $W plus tax of Z%
Rates around 1% could replace all other taxes in this scheme. Do I think it’s a good idea? I don’t know. Recipe for bureaucrat moral hazard.