A FAIR TAX SYSTEM
Oct. 21st, 2011 01:14 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
rabid1stOkay, here is a completely fair tax idea. The government needs a certain amount of money to operate needed services. They purpose a budget for that.*
Whatever the purposed budget is we tax to cover it allowing a little raise for inflation and deadbeats (since we would really be taxing for NEXT year to have money to cover things). And what you pay in taxes would be a percent of that budget...linked directly to the percentage of the wealth of the country that you possess. If you own 5% of the country's wealth then you pay 5% of the tax burden. That is not 5% of your income, but 5% of the full burden of taxation. Overall you would be paying a far greater percentage of the tax burden than poor people. But the easy way to lower your tax burden, would be to employ more workers, passing your money to them so it becomes THEIR problem. It would actively discourage hoarding wealth, which would allow the money in the country to circulate through a number of hands. That's what makes the economy work, btw.
Rae
*This is where we would still get some partisan bickering because various people have different views about what "needed services" are. But our elected officials need to do something. For argument's sake let's say we need defense, education, roads for commerce, social security, health care and government workers to be paid in various services to all of us...police, fireman, teachers, librarians, social service workers, people to enforce safety regulations, etc.
Whatever the purposed budget is we tax to cover it allowing a little raise for inflation and deadbeats (since we would really be taxing for NEXT year to have money to cover things). And what you pay in taxes would be a percent of that budget...linked directly to the percentage of the wealth of the country that you possess. If you own 5% of the country's wealth then you pay 5% of the tax burden. That is not 5% of your income, but 5% of the full burden of taxation. Overall you would be paying a far greater percentage of the tax burden than poor people. But the easy way to lower your tax burden, would be to employ more workers, passing your money to them so it becomes THEIR problem. It would actively discourage hoarding wealth, which would allow the money in the country to circulate through a number of hands. That's what makes the economy work, btw.
Rae
*This is where we would still get some partisan bickering because various people have different views about what "needed services" are. But our elected officials need to do something. For argument's sake let's say we need defense, education, roads for commerce, social security, health care and government workers to be paid in various services to all of us...police, fireman, teachers, librarians, social service workers, people to enforce safety regulations, etc.