Journal WilliamSChips's Journal: A new tax idea 4
"What we tax, we get less of, and what we subsidize, we get more of. Currently we tax work and subsidize the depletion of natural resources."-Al Gore
I've had this idea in my head now, and I figure that telling it to people is a good idea. What we do is, instead of taxing income, we tax accumulated wealth. The biggest problem with this idea, of course, is the calculation of the number(also a problem with the income tax system). For this system, though, I think we could make a lot of the forms one-time-use only or something.
Comments? Questions? Suggestions for improvement?
Hmm (Score:2)
Re: (Score:2)
Even if true, that might not be a bad thing. A healthy economy depends on regular flow of money, not the hoarding of it.
My problem, (Score:1)
Is the idea of optimizing taxation. I believe that the government should be happy with what they get and make better use of it. In fact, I think we should drop the income tax and have our primary source of federal tax income be based on the taxation of boose like it was before prohibition. If they can't make do with that too bad. Imagine the new patriotic slogans: "Drink, for America!"
Ok, sarcasm aside I do think the government is uber bloated. Primarily of course the "military industrial complex." ~
I have an idea (Score:1)
Hell, Even at 50% tax I'm richer than most of you, and that's enough satisfaction for me. There's onl