Tax

I have been pondering tax.

In the ideal world where every transaction is recorded and traceable (i.e. there is no cash) taxation could revert to a very simple scheme.

Firstly, personal expenditure would be taxed on a ‘sliding scale’. The more you spend the higher the (GST) tax rate.

This essentially works towards levelling consumption and opportunity.

Secondly, the cumulative value of assets under control would also impact your tax rate for expenditure.

The more your assets are worth the higher your effective GST.

This works towards levelling stress and opportunity.

And that’s it. No other taxes or levies of any kind in the country. Just personal expenditure tax.

Business isn’t taxed at all and they get to reinvest more in growth. Scamming personal expenses through a business is punishable by death or automatic bankruptcy.

Electronic transfers of money in and out of the country are automatically taxed accordingly.

Taxation is done automatically on a per transaction basis. No one thinks about it. Stress free so long as the sliding scales are fair.

The expenditure tax can be automatically adjusted by government on a daily basis to match their own expenditure.