Let's try a thought experiment: A society with no taxes whatsoever! (salary, healthcare)
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Ok, I've been mulling this over in my mind. First of all everyone is welcome to contribute to this thread. Second of all I'm not an economist, so a lot of people here will know more about this subject than me.
When I talk about tax free society, I mean completely:
-No income tax
-No sales tax
-No capital gains tax
-No property tax
-No inheritance tax etc....
The thinks that would drive this society:
-Philanthropy
-Charity/Charitable organization(instead of welfare/free social services)
-Capitalism/ Free trade/ Maximize competition
A society like this would have to have a small limited government. The government would not be an employer or collect taxes(no IRS) from people. If the people wanted new roads, better schools, better parks etc... they would get together raise the money, get the job done themselves. Firstly I think a society like this would have to be fully privatized. Private police(see article below), private healthcare, private schools, private prisons etc....
Benefits of Privatization:
- Private police - higher salary, no immunity like government police
- Private healthcare - less rationing, better services
- Private schools - higher test scores than public school
- Private prisons - could use criminals as labor force to pay off their debt
In fact I think the only tax should be a "criminal tax". So really, any law abiding citizen would be living in a completely tax free society. People who commit misdemeanors could be taxed at 1-10% for 1 - 5 yrs for punishment, or whatever rate you want to use. Harsher criminals(but not murders, rapist, pedos) could work on a prison labor force to work off their debt directly as punishment.
Free free to add how you think a society like this would work or wouldn't. It's just a thought experiment.
ohh yeah...i can see it now...China wants a war with us so we need couple million to sign up, we have no guns, no bombs no nothing to give you...China has 10million ready to go with most advanced guns and nukes...who is with us....ohh and by the way since we are not longer building roads good luck getting to our meeting point.
Within a year of this tax free society we would have a war within the country.
ohh yeah...i can see it now...China wants a war with us so we need couple million to sign up, we have no guns, no bombs no nothing to give you...China has 10m with most advanced guns and nukes...who is with us....ohh and by the way since we are not longer building roads good luck getting to our meeting point.
Within a year of this tax free society we would have a war within the country.
That's one thing I forget to add. Philanthropist could create trust funds for military, hospital, scientific purposes. People could donate to those. I think you'd get more money that way than actually taxing people.
ohh yeah...i can see it now...China wants a war with us so we need couple million to sign up, we have no guns, no bombs no nothing to give you...China has 10million ready to go with most advanced guns and nukes...who is with us....ohh and by the way since we are not longer building roads good luck getting to our meeting point.
Within a year of this tax free society we would have a war within the country.
I think there is middle ground here. The Federal government should take care of our defense and have the funds through taxes but that is about all they should have control over.
Ok, I've been mulling this over in my mind. First of all everyone is welcome to contribute to this thread. Second of all I'm not an economist, so a lot of people here will know more about this subject than me.
When I talk about tax free society, I mean completely:
-No income tax
-No sales tax
-No capital gains tax
-No property tax
-No inheritance tax etc....
The thinks that would drive this society:
-Philanthropy
-Charity/Charitable organization(instead of welfare/free social services)
-Capitalism/ Free trade/ Maximize competition
A society like this would have to have a small limited government. The government would not be an employer or collect taxes(no IRS) from people. If the people wanted new roads, better schools, better parks etc... they would get together raise the money, get the job done themselves. Firstly I think a society like this would have to be fully privatized. Private police(see article below), private healthcare, private schools, private prisons etc....
Benefits of Privatization:
- Private police - higher salary, no immunity like government police
- Private healthcare - less rationing, better services
- Private schools - higher test scores than public school
- Private prisons - could use criminals as labor force to pay off their debt
In fact I think the only tax should be a "criminal tax". So really, any law abiding citizen would be living in a completely tax free society. People who commit misdemeanors could be taxed at 1-10% for 1 - 5 yrs for punishment, or whatever rate you want to use. Harsher criminals(but not murders, rapist, pedos) could work on a prison labor force to work off their debt directly as punishment.
Free free to add how you think a society like this would work or wouldn't. It's just a thought experiment.
you mean like get stuff (services) but dont have to pay for them.
isnt that rip off?
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