Why do we tolerate a tax system that penalizes working?
Would you be willing to pay a 25% GST type consumption tax if income tax were eliminated?
At first thought it sounds harsh to pay but keep in mind producer and import taxes would plummet and so would retail goods thus having little impact on the poor and finally including them in the tax scheme.
Our current system discourages overtime for those willing to earn more. A large number of tradesmen only work 3/4 of the year because it's pointless in the long run..
What do you think?
Would you be willing to pay a 25% GST type consumption tax if income tax were eliminated?
At first thought it sounds harsh to pay but keep in mind producer and import taxes would plummet and so would retail goods thus having little impact on the poor and finally including them in the tax scheme.
Our current system discourages overtime for those willing to earn more. A large number of tradesmen only work 3/4 of the year because it's pointless in the long run..
What do you think?
Last edited: