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RE: Tax is not Enough

in LeoFinance10 months ago

I look at Australia's GST and think how much better off we'd all be if it was raised to 25% and we dropped income tax all together.
You don't pay taxes when you earn, you pay taxes when you spend.
Punishing consumption and rewarding production seems so much more intrinsically stable and fair. That would also hit the wealthy hardest, as they're the ones paying $4 million for a yacht. Hit them with a $1 million GST while the guy paying $400 for a cheap laptop pays $100.