I've found the best, fairest, lowest, easiest to collect tax!

[Anarchist420]

Universal exchange tax--.1% of all transactions.
http://mises.org/Community/forums/t/22825.aspx

Of course, the FairTax will win out for two reasons: because it favors those who don't work and because it's proposed by Mike Huckabee.

 

[highland145]

.001 of every $1?

 

[EagleKeeper]

How are you going to handle it on anything less than a $10 item.

And is it accumulative as an item passes from hand to hand or intended end user?
A
contractor goes into Home depot and purchases $10000 of material on his charge card. $10 gets captured bringing the bill submitted to the end user to $10010. End user pays using his card and the total paid is $10020.01;

Now if the contractor apys with $10000 cash and the end user pays the contractor with $100 cash; the financial sector is cut out and the $20 belongs to the end user.



The linked article indicates that the money gets grabbed when it hits a financial entity.

Are they going to remove cash from the economy and force plastic on everything?
Pulling cash from an ATM is going to hit you with a fee?

 

[3chordcharlie]

How are you going to handle it on anything less than a $10 item.

And is it accumulative as an item passes from hand to hand or intended end user?
A
contractor goes into Home depot and purchases $10000 of material on his charge card. $10 gets captured bringing the bill submitted to the end user to $10010. End user pays using his card and the total paid is $10020.01;

Now if the contractor apys with $10000 cash and the end user pays the contractor with $100 cash; the financial sector is cut out and the $20 belongs to the end user.



The linked article indicates that the money gets grabbed when it hits a financial entity.

Are they going to remove cash from the economy and force plastic on everything?
Pulling cash from an ATM is going to hit you with a fee?

It's a joke (well, coming from mises they may not realize its a joke). It's like perfect monopoly pricing, or continuously compounding interest; it's just a thought exercise.

For a first-order approximation, the most efficient taxes are consumption taxes on cigarettes and alcohol; they have zero effect on demand, so there is no 'lost economic actvity'.

 

[Anarchist420]

The problem with the fairtax is that it's too damn high and people who don't work get rebates.

A 50% VAT(plus excise taxes) with no prebate on everything but food, clothing, shelter, and services is a better idea.

 

[Anarchist420]

The FairTax would also cost too much to enforce.

 

[Phokus]

Aren't you an an-cap? Why are you even advocating taxes?

 

[Anarchist420]

I'm not advocating taxes, I'm just saying which one would cause the least amount of pain.

 

[IKnoWhatsBest4U]

I fully back this tax plan, but I think we need 12.5% for every transaction. .1% will barely cover our deficit.

 

[Steeplerot]

Universal exchange tax--.1% of all transactions.
http://mises.org/Community/forums/t/22825.aspx

(

Nah, I'd rather the Koch bros come collect it from me in person. But thanks for providing their input. :$

 

[Siddhartha]

OP,
With this plan who will pay less and who will pay more taxes?

 

[IKnoWhatsBest4U]

OP,
With this plan who will pay less and who will pay more taxes?

Everyone pays the same tax for everything except for the politicians. Taxing their income doesn't make sense because their income is already made from taxes.