3 ms·
Perhaps changing from the high frequency tax period of every 12 months, to every 24 months, would cut tax overheads by 50% for individuals and small business. a
by staiz 5y ago
Perhaps changing from the high frequency tax period of every 12 months, to every 24 months, would cut tax overheads by 50% for individuals and small business. and the compound growth of a business over 2 years than 1 year, and then being taxed, would allow businesses to grow faster, and collects more tax revenue. recuing tax frequency further to once every 4, 8 years, cuts costs, allows for more compound growth before the assets are scythed.
Governments have tools at thier disposal, not available to individuals and business who are required to create value to remain solvent, such as printing money, bonds, etc. The governments should look at using these tools, the way a government has national research, education, healthcare or defence, using its privelaged / monopoly posistion to provide those services, it should provide a tax service to its people, so the citizens can create value and grow it exponentially without the annual fuedal taking the kings share of the crop routine we have as default.