It's better to raise taxes through consumption than by taxing savings, income
- Thread starter Kinana
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Why show a clip to prove a point? Are you guys all parrots?? Show some understanding of economics.
Do you have any understanding of economics? Those guys are presenting facts. What can you offer?
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savings and dividends should not be taxed.
But asset appreciation should be taxed. Its is the bubbles created by asset appreciation that is causing the most hardship and inflation.
But asset appreciation should be taxed. Its is the bubbles created by asset appreciation that is causing the most hardship and inflation.
I think we are over taxed!
Governments should raise enough taxes to cover their costs (schooling, medical, social programs, national defence) with maybe a little extra set aside. Anything more than that is removing $$ from private sector and transfering it into Gov. Gov by it very nature cannot compete with the private sector in terms of efficiency and innovation.So all these large GLCs and huge surpluses are NOT a good thing.
I think if you asked the speakers in your video whether Gov should own businesses, whether Gov should operate businesses to compete with the private sector, they will say NO!
Governments should raise enough taxes to cover their costs (schooling, medical, social programs, national defence) with maybe a little extra set aside. Anything more than that is removing $$ from private sector and transfering it into Gov. Gov by it very nature cannot compete with the private sector in terms of efficiency and innovation.So all these large GLCs and huge surpluses are NOT a good thing.
I think if you asked the speakers in your video whether Gov should own businesses, whether Gov should operate businesses to compete with the private sector, they will say NO!
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Our effective tax rate is more than 45%.
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I agree totally on this. Why tax our income? We are not servant and there is no lord or master in today's republic country. Consumer tax is the best as it encourages saving and investing instead of spending. For businesses, they will have to be more innovative and creative in adding value to attract consumer spending and compete with consumer saving. This is a more sound economic model.
You are absolutely correct.
And the forumner by the nick on 'laksaboy' infracted me for stupidity for posting this video.
He can't argue against the logic of taxing spending instead of income and resort to such stupidity of his.
