What if there were no taxes?

IBTL · Oct 17, 2012

thadeus said: ↑

I am convinced that you are a dupe account started by a regular member of this site.
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good thing he's the only one

Commodore · Oct 17, 2012

meh said: ↑

Then why not just have a flat tax on people based on their wealth? Seems a bit pointless to make this roundabout way of taxation that results in the same thing.
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Except instead of a corrupt and complicated collection system it's just a few key strokes.

JuanValdez · Oct 17, 2012

meh said: ↑

Then why not just have a flat tax on people based on their wealth? Seems a bit pointless to make this roundabout way of taxation that results in the same thing.

But even then, it's utterly pointless because people with the biggest wealth are hiding their money offshores anyway. So it's not like you can end up forcing people to spend money.
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Well, it's not round-about, it's actually a lot more straight-forward. There would be no forms to fill out, no tax-dodgers, and everyone would be taxed a flat percentage of their total wealth. You couldn't even hide your dollars offshore unless you actually converted to a different currency -- and even then the inflationary nature of the dollar would be reflected in the exchange rate. So, really no one who owns dollars could escape the tax. Even China's currency reserves would get taxed. The simplicity and universality is the only good part about it.

Rashmon · Oct 17, 2012

justtxyank said: ↑

Were you raised in a country ruled by an emperor or king that didn't provide education?
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I finally had to put him on ignore because his posts made me sad for our future.

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What if there were no taxes?

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