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RE: Maximizing Taxation Doesn't Maximize Tax Revenue

in #taxation7 years ago

Shit, I've got to stop reading or my voting power is just going to go to zero.

Yes, exactly, you are 100% correct.

The problem here in Murica is that the US$ is still, somehow, the reserve currency of choice and the Government doesn't rely on tax revenues to support it's programs.

It merely creates money out of thin air and the People's Will can be ignored.

I would expect then, that the Finnish government will eventually have to obey the market forces and change.

I'm afraid the consequences here are going to be much worse than most people can imagine.

Can't all of the fundamental principles you just expressed also be applied to the Universal Basic Income?

How is that going to play itself out there?