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| Authored by: Anonymous on Wednesday, December 05 2012 @ 01:20 PM EST |
This problem was foreseen by Adam Smith and Karl Marx. Governments
pretend to have usurped the controlling role in the supply of money.
But they haven't a clue on how to collect the rent (taxes). A simple
answer is a transaction tax, which must be the same rate everywhere,
which requires governments to relinquish some of their control...
Another possibility is to wait for the 23rd century, when both
money and the nation state will no longer exist.
[ Reply to This | Parent | # ]
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- Taxes and Death - Authored by: Anonymous on Wednesday, December 05 2012 @ 01:28 PM EST
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| Authored by: Wol on Wednesday, December 05 2012 @ 04:30 PM EST |
Tax cross-border currency flows ...
If a company exports currency, then it pays a tax on it. That way, we could get
rid of an awful lot of import tariffs as well, that badly distort the market.
The Pi suffered badly from that - initial reports said it would cost more to
import the components to the UK than it would cost to import a fully completed
unit! All because the components were taxed while assembled units weren't.
And if you charge for net currency flows, it helps especially the poorer
countries because if I want to export to, say, Bangladesh (which certainly WAS a
struggling country) it then becomes a lot easier to get my money back in kind as
exports, than trying to get the cash out directly.
imho, we should scrap corporation tax and replace it with payroll taxes,
consumption taxes, and as I said above, currency export taxes. PAYE, VAT, and
international cash transfers. Only trouble with that, is that it would make it
easy to get rid of a lot of tax collectors :-)
Cheers,
Wol[ Reply to This | Parent | # ]
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