(November 12, 2010 at 8:22 am)Skipper Wrote: And I'm all for less government. One of the reasons I hated labour so much was their insistence on becoming a part of every aspect of everyone's lives.
Ideally, I think tax laws should be invasive enough to accurately track the flow of money such that half of ones money goes to the local economy, and then merely tax the businesses for services.
As I see it, an economy with constant cash flow is a rich and productive economy, with the maximum equality possible without resorting to taking money from the individual. We should encourage more spending and more investment in local innovation and industry - thus the industry should be taxed to support the consumer (after all, they're supporting the industry with their wallet).
We'd see a feedback system, with people always willing to invest money in an economy.
Tax growth and encourage spending to promote growth.