I hope the US can pull themselves out, but everyone seems stuck quibbling over the extremes of minor issues, rather than important difficult topics.
This is a middle ground between communism and capitalism and seems to be what works best in practice. Or you could call it market socialism (though that's leaning more into socialist direction).
Unregulated, un-taxed markets do not do that. They support exploitation and extraction (at the extremes).
All taxation is "double taxation". There's only a finite amount of money in the system. It just moves around. The government pays for its spending by taking a bit of it every time it moves. There's no single fair way to do that; everybody will always say that it should fall on somebody else.
Eliminating "double taxation" isn't a reasonable or useful goal. To cut taxes, you have to cut spending. And "cut spending on everybody but my priorities" isn't a useful way to think about that.
> If you want lower taxes, you have to specify what things you're going to cut. (And you have to be honest about it: singling out tiny programs you disagree with doesn't even begin to cover it.)
I read an article saying that if the US federal government wants to cut the deficit to zero with no tax increases and avoid touching the entitlement programs (social security, medicare), they need to cut 70% of every other program. If you cut it evenly, it's 27%. 27%! Here's the article: https://www.nytimes.com/interactive/2023/03/06/upshot/balanc...
If you want to cut spending, bring on the detailed proposals.
Why should I pay sales tax? I already paid tax on the money as income tax.
Why should I pay income tax on that money? That money was already taxed through payroll taxes before the employer paid me.
Why should the employer pay payroll taxes on that money? They already paid income taxes on it.
Why should companies pay income taxes on that money? They already paid sales taxes.
You don't pay taxes on literally the serial numbers of the notes being moved, you usually pay taxes when those monies move between entities.