What's going on in London?

[lars573]

Why we should have a flat tax and no exemptions.

CR

You realize that your mythic flat tax no exeption cure all will just hammer the poor hard for a modest gain in revenue from the high earners.

[Jaguara]

You realize that your mythic flat tax no exeption cure all will just hammer the poor hard for a modest gain in revenue from the high earners.

Usually when talking about this sort of thing, there are other measures in place to help the poor. Just like with the GST, they came out with the GST rebate for low income households.

The main thing here would be simplification of the tax system, which would save billions of dollars - both to taxpayers who have been paying to have their taxes done by professionals and also for Governments which have huge audit teams to wade through the selected returns.

The problem is that the ultra-rich will still avoid paying taxes, as they will just legally move to some country which will not tax them as much (even if they never actually leave the US/Canada).

So the point is, it is essentially an idealist's dream. Still, even then, I think it is better than the convoluted, tangled mess we have right now.

[Brenus]

“Or maybe start defending your own nation and stop spending money on stupid things, oh, like the Royal wedding?” I’ll do that…