Re:Austerity Is an Antidemocratic Strategy to Boost Capital
by badcppdev on Wednesday January 10, 2024 @05:54AM
(#38938841)
Just focusing on this statement:
> "Democratic control over economics" looks like people voting for more services and lower taxes.
The services part seems clear but "lower taxes" makes me ask what kind of taxes are we talking, income tax, sales tax, corporate tax, capital gains tax, corporate tax credits, import duties, national insurance (UK government health service levy), wealth tax, etc, etc, etc
There are so many taxes and 100 more exceptions and loopholes and so many vested influences pushing for changes that benefit themselves. The current political processes aren't capable of a systematic review and revamp of all of the taxes.
> "Democratic control over economics" looks like people voting for more services and lower taxes.
The services part seems clear but "lower taxes" makes me ask what kind of taxes are we talking, income tax, sales tax, corporate tax, capital gains tax, corporate tax credits, import duties, national insurance (UK government health service levy), wealth tax, etc, etc, etc
There are so many taxes and 100 more exceptions and loopholes and so many vested influences pushing for changes that benefit themselves. The current political processes aren't capable of a systematic review and revamp of all of the taxes.