I just really hate doing taxes and want it to be simpler. But I know that having everything be automated would probably cause a revolt
Show this thread
Would this work: 1. Switch income taxes to sales taxes 2. Since everyone is now taxed equally, we also pay everyone some minimum amount ($10k a year?) to offset the burden on low income households
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This sounds like the "Fair Tax" idea
-
Yeah, you are right. I didn't realize it also had the minimum stipend thing in there
End of conversation
New conversation -
-
-
nah cause sales taxes kinda cap out after a while, a billionaire isn't buying a thousand times more stuff as a millionaire
-
Let's do it the game design way! Capital gains minus capital expenditure, multiplied by the delta of this year's and last year's difference, times the cross product of the company's historical growth vector vs average fortune 500 growth vector
End of conversation
New conversation -
-
-
That's the idea behind the
@FairTaxOfficial . Eliminate income and corporate taxes. Move to a consumption based sales tax. Monthly prebate check to cover sales tax burden of essentials https://fairtax.orgThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
That offset would have to vary from place to place. The burden of a sales tax on low-income families differs with cost of living, and even with an offset a sales tax would still greatly benefit the rich (they'd be paying a *much* smaller % of their overall burden than the poor.)
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
GOP's heads would explode. They can't even accept giving out food stamps, they for sure couldn't deal with giving out actual money. Heaven forbid, what if someone used that money to buy a luxury item that would make their life better? That's unacceptable.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
That idea used to be kinda popular 10 years ago or so under the name "Fair Tax". Really low income people come out ahead. Most rich people don't spend very much of their income, so they get a big tax break. Middle class ends up getting a huge tax increase.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Look up "consumption taxes"— it was pretty common for the pre-Trump republican party to float ideas of this sort (the second part was usually framed as "rebates"). The downside is they're considered "regressive", ie, they shift the tax burden from the upper to lower classes
-
Framing the rebates as a guaranteed minimum income is an interesting idea that I don't think I've seen attempted before— I'd personally oppose it because of the tax burden shift but you could maybe sell it as a compromise on those grounds if politics weren't broken
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.