MichaelRoss
November 17, 2008, 07:08 AM
Ankesh,
Thanks for your thoughts.
In my post I did not say to Not have a govt nor did I say to Abolish all tax. I was specifically talking about Income Tax. A tax on your effort. Taxing that which you have earned from the sweat of your brow.
There are other ways a govt can generate revenue without needing to Tax effort - to steal the fruits of our labor. With the most simple one being a single 10% flat tax on Goods and Non Essential Foods (chocolate, for example). This way, tax is voluntary - if you don't want to pay tax you don't buy the item you don't Need. Don't want to pay $100 tax, don't by the $1,100 LCD/plasma big screen TV. Simple.
Also, a government can operate just like a company does in the private sector - user pays, in other words. And there is no reason it cannot be that way.
And, having money to Run a govt and having money to give away to anyone with a handout are two different things. That later is, as I said, where all the problems stem from.
Michael Ross
Thanks for your thoughts.
In my post I did not say to Not have a govt nor did I say to Abolish all tax. I was specifically talking about Income Tax. A tax on your effort. Taxing that which you have earned from the sweat of your brow.
There are other ways a govt can generate revenue without needing to Tax effort - to steal the fruits of our labor. With the most simple one being a single 10% flat tax on Goods and Non Essential Foods (chocolate, for example). This way, tax is voluntary - if you don't want to pay tax you don't buy the item you don't Need. Don't want to pay $100 tax, don't by the $1,100 LCD/plasma big screen TV. Simple.
Also, a government can operate just like a company does in the private sector - user pays, in other words. And there is no reason it cannot be that way.
And, having money to Run a govt and having money to give away to anyone with a handout are two different things. That later is, as I said, where all the problems stem from.
Michael Ross
