Jobs guarantee with income support in response to technological unemployment?

Tulius

Ad Honorem
May 2016
5,705
Portugal
#41
Taxes on corporate profits.
Don’t know if I agree or disagree.

If a country doesn’t tax them, it doesn’t receive the taxes that it should. And yet they still generate jobs and indirect taxes.

If a country does tax them, as it should, they just run away to the nearest country or the nearest fiscal paradise.

In sum, an international answer is needed here.
 

Naomasa298

Forum Staff
Apr 2010
35,069
T'Republic of Yorkshire
#42
Tax on sale only finishes up as hurting the customers and doesn't seem to raise enough funds to actually justify their existence as a primary revenue source.
If the customers have more money because the sales tax replaces income tax, then there's no issue.
 

Naomasa298

Forum Staff
Apr 2010
35,069
T'Republic of Yorkshire
#43
Don’t know if I agree or disagree.

If a country doesn’t tax them, it doesn’t receive the taxes that it should. And yet they still generate jobs and indirect taxes.

If a country does tax them, as it should, they just run away to the nearest country or the nearest fiscal paradise.

In sum, an international answer is needed here.
Tax them on sales within the country.
 
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tomar

Ad Honoris
Jan 2011
13,765
#45
VAT is a regressive tax. Poor people pay a far higher percentage of their income in VAT than rich people do.
Not really.... Rich people buy more expensive stuff so they pay much more in absolute terms, and not necessarily less in relative terms..... Someone who buys a $1 million yacht pays 200 000$ VAT (if VAT is 20%... and would pay $400 000 is VAT is doubled)..... Poor people tend not to buy yachts or any kinds of boats so they will pay a rate of 0%..... More over in many countries there are different VAT rates for basic necessities (such as food) and other products...

Moreover VAT is a tax which puts the consumer in control.... You cant escape social tax (if you are working) but you can optimize your VAT by buying less, buying less expensive stuff or not buying at all.....
 
Apr 2013
7,365
New Verulamium
#47
Not really.... Rich people buy more expensive stuff so they pay much more in absolute terms, and not necessarily less in relative terms..... Someone who buys a $1 million yacht pays 200 000$ VAT (if VAT is 20%... and would pay $400 000 is VAT is doubled)..... Poor people tend not to buy yachts or any kinds of boats so they will pay a rate of 0%..... More over in many countries there are different VAT rates for basic necessities (such as food) and other products...
.
You're not comparing like for like. The other poster was referring to expenditure as a proportion of individual/household income, not absolute terms.
 
Apr 2013
7,365
New Verulamium
#48
The less well off are of course incapable of outspending the wealthy, that much can be established by logic. But in essence yes VAT is a regressive tax, in the sense that it is levied near equally across a range of consumer goods.
 
Apr 2013
7,365
New Verulamium
#49
Moreover VAT is a tax which puts the consumer in control.... You cant escape social tax (if you are working) but you can optimize your VAT by buying less, buying less expensive stuff or not buying at all.....
Surely that's a product of limitations on consumer choice, not their expansion? If VAT raises the amount people pay for a set of goods then trade-offs are inevitable simply because prices are higher? Of course this doesn't account for inflation, wage rises, etc.
 
Apr 2013
7,365
New Verulamium
#50
Every year there are more and more retirees and less and less workers to support them. The deficiency is being covered through debt and it is growing at an alarming rate. Most frightening is that by 2024, all US debt issuance will be used just to cover interest.
Endgame: Starting In 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt

There have been some promising initiatives regarding this issue, namely compulsory pension plan enrolment schemes in the UK. Basically the point is to encourage people to save over the course of their lives, rather than expect to be supported by future generations. Such a solution seems fairer and, in light of demographic trajectories more practical.
 

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