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Originally Posted by surasak That's how it should be. No income tax and a universal sales tax with certain exceptions such as medicines, unprocessed food, etc. |
How about a progressive tax on what you spend on a yearly basis ? those who work hard and save, will not pay much, while others who have "spending" addictions would be taxed to death. The millionaires with all their Ferraris will pay the most.
Problem is it will never happen as it would desroy consumption. Which brings an interesting question: what are the main driving forces of our economy ? the ability to "produce" income ? or the ability to "spend" that income ? which incentives should we tax ? which incentive is more important ? and again which incintive is more central to our economy ?