[extropy-chat] Income Tax

[The Avantguardian]

     After many years of careful consideration, I have
come to the conclusion that progressive taxation and
income tax in general is inefficient. The benefit to
the poor is minimal, the rich just hide their money,
and the middle class gets SCREWED.

     IMHO, I believe that the IRS should be abolsihed
and a nationwide sales tax should be implemented on
everything except for store bought food. I don't know
what percentage would be optimal, but it would solve a
number of problems. First, it would eliminate the
excuses of the rich that they bear an unfair tax
burden. Second, while the rich may still try to hide
their money, the moment they tried to spend it, the
government would gets its due. It would increase
savings and reduce consumption across the board. It
would eliminate tons of stupid tax laws and the
expensive tax accountants and lawyers needed to keep
abreast of them. It would equalize taxes for
corporations and individuals. It would eliminate tax
incentives for monopolistic business practices. It
would be just plain more efficient. Any thoughts? 


The Avantguardian 
is 
Stuart LaForge
alt email: stuart"AT"ucla.edu

"The surest sign of intelligent life in the universe is that they haven't attempted to contact us." 
-Bill Watterson

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