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> individuals ultimately making use of these tax havens' competitive services For what it's worth, there is an individual income tax that cannot be offshored i
by OutOfHere 2y ago
> individuals ultimately making use of these tax havens' competitive services
For what it's worth, there is an individual income tax that cannot be offshored in the same way.
If the government's currency were fully backed by gold and/or other commodities, meaning if they were a representation of how many troy oz of gold+commodities are held in the government vaults, then paying taxes would be a more just (as in justice) activity. That's because the holdings wouldn't then lose value so rapidly. Currently the backing is in large part faith based, and there isn't very much faith left. The worth of the gold held by the US is $666 billion at $2550 per troy oz, whereas the unfunded liabilities of the US are at $218 trillion.
> replacement for government services
Very many of the government provided services are explicitly paid for anyway. There are massive property taxes and school taxes, sales taxes, electricity usage taxes, fuel and registration taxes, even garbage pickup fees in some locations, and local income taxes. The government is not providing very many services for free, although yes, I admit that some services like Medicare can be free which is a relief. Overall, I don't think the people are getting very good value for their total tax burden which exceeds 99% if you compound everything correctly.