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Income tax is absurd - we should tax wealth not work. By penalising those who work hard, it destroys social mobility and entrenches the establishment landowner
by nivenkos 4y ago
Income tax is absurd - we should tax wealth not work.
By penalising those who work hard, it destroys social mobility and entrenches the establishment landowners and conservatism.
Income tax and VAT should be replaced with wealth tax, Land Value tax, property tax, inheritance tax, gift tax, etc. - i.e. tax the accumulation of wealth itself and use that to help level the playing field and promote economic activity (startups, technological disruption, etc.).
- valenterry 4y agoAnd wherever possible/feasible, tax should be replaced with fees. A company that uses public streets a lot compared to another one should pay more, even when they have the same revenue/profit.
- dennis_jeeves1 4y agoThat is a fair way to do it. But it won't work in practice, because they consciously do not want to do it. Hypothetically if they did it that way then their efficiency/capability would be evaluated, which is something that an incompetent or and lazy does not entity wants.
- sam_lowry_ 4y agoIn Europe these are complementary.