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Re:Sales tax creates more unnecessary pain than value added tax by oblio on Friday December 11, 2020 @03:37PM (#25390641)
What's the painless alternative?
Re:Sales tax creates more unnecessary pain than value added tax by exabrial on Friday December 11, 2020 @09:34PM (#25394805)
I think there's a couple of options. First if one was to consider the US government a charity they would have a zero star rating on charity navigator; for tax dollar collected versus put to good use. So starting with the end in mind and measuring the result would be the alternative.
Re:Sales tax creates more unnecessary pain than value added tax by GloriousKoji on Friday December 11, 2020 @04:10PM (#25391036)
Government prints as much money as it needs to pay itself. Now inflation and interest rates might be different type of pain but at least it's not the same pain of filing taxes, figuring out laws or finding someone to do that for you.
Re:Sales tax creates more unnecessary pain than value added tax by int_19h on Friday December 11, 2020 @09:26PM (#25394752)
This would be mathematically equivalent to a wealth tax on savings in cash or cash-equivalent, no? Meaning that the burden would fall mostly on those who have enough money to save it, but not enough to invest into real estate etc.
Re:Sales tax creates more unnecessary pain than value added tax by oblio on Friday December 11, 2020 @04:15PM (#25391095)
Or you know, you could simplify filing taxes?
Re:Sales tax creates more unnecessary pain than value added tax by saalweachter on Friday December 11, 2020 @04:06PM (#25390983)
Inflation -- the government prints money, devaluing all existing money. It's a tax with no paperwork involved.
Re:Sales tax creates more unnecessary pain than value added tax by hyperpape on Friday December 11, 2020 @04:14PM (#25391075)
Wouldn't this tend to cause overinvestment in durable goods? Instead of putting your money in a bank, you put it in something physical to resell later. Seems inefficient.