mrstickball on 12 August 2011
| HappySqurriel said: Simple taxes that are difficult to cheat, relatively fair and flat, encourage saving/investing while discouraging consumerism are the best ... In an ideal system you'd have a 5% to 7.5% tax that was a flat income tax, capital gains tax, inheritance tax, and GST/VAT under the principle that every time an individual or business earned income (regardless of the source) they paid tax. Government debt would not be allowed, and tax policy should be linked to spending policy and the tax rate would be set by what revenue was needed to cover all spending. New social programs would require liquid assets equal to 1 year of operation before beginning operation and would be expected to run a 2.5% to 5% surplus if their assets dropped below 1 year of operation. |
Too bad simplicity doesn't keep our politicians in business 
Back from the dead, I'm afraid.
