(October 11, 2021 at 1:44 pm)tackattack Wrote: As long as the system taxes you for what you have, not what you do with it, there will always be haves and have nots and it will always be unfair. If there's just a problem axing the poor man then make it a buy-in system. You have to have spent or made >200k this year then you have to pay taxes. I guess for it it boils down to what are the purpose for taxes and where should they come from, and I'm still a little fuzzy on how I feel about that.
From a traditional view of taxes, they are intended to pay for all of the things that a civilization needs to thrive that is not privately owned. And you can forget getting the extremely rich to pay their "fair share". When you can spend millions of dollars on lawyers to save tens or hundreds of millions, it's no contest.
However, there is a pretty "advanced" economic concept out there called Modern Monetary Theory (MMT) that throws almost everything you know about economics on its head. In this view taxes are nothing more than a way to control inflation. I invite others to read about this if you haven't already. I'm not endorsing it; just pointing it out for conversation.
Why is it so?
~Julius Sumner Miller
~Julius Sumner Miller