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Post by aztecwin on Feb 8, 2011 13:22:33 GMT -8
Troubling or not, it is the fact that those with means can avoid taxes much better than the average person. With people taking advantage of Foundations, Trusts, off shore assets and the like, it can be very expensive and time consuming to fairly tax the very rich. By fairly tax the rich, I do not mean some confiscatory way to redistribute their assets to non-producers. Somehow I always come back to thinking that some sort of consumption tax is the fairest of all methods. It is regressive for sure and some allowance for things exempt from tax like food and healthcare must be thought of. I see nothing wrong with a flat tax rate on cars for instance. Five percent of a Lexus is much stiffer than five percent on a Ford Focus. If it is expensive and time consuming to enforce the law we should just ignore it? I am sure a lot of drug dealers are fine with that. I am afraid I don't see your point or your question. Most forms of regressive taxation affect everyone when money, no matter how earned, surfaces in the legit economy. No extra effort to collect tax at a point of sale is required. |
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Post by aztec70 on Feb 8, 2011 17:16:24 GMT -8
If it is expensive and time consuming to enforce the law we should just ignore it? I am sure a lot of drug dealers are fine with that. I am afraid I don't see your point or your question. Most forms of regressive taxation affect everyone when money, no matter how earned, surfaces in the legit economy. No extra effort to collect tax at a point of sale is required. Really? You said it was "very expensive and time consuming to fairly tax the very rich". I am pointing out that it is very expensive and time consuming to fight drug dealers. Should we stop doing both? |
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Post by aztecwin on Feb 9, 2011 13:58:44 GMT -8
I am afraid I don't see your point or your question. Most forms of regressive taxation affect everyone when money, no matter how earned, surfaces in the legit economy. No extra effort to collect tax at a point of sale is required. Really? You said it was "very expensive and time consuming to fairly tax the very rich". I am pointing out that it is very expensive and time consuming to fight drug dealers. Should we stop doing both? No, we should not stop either. You must see that regressive point of sale taxation is one way to get them both equally and fairly. |
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