Tuesday, January 17, 2017

Progressive Tax on Consumption

We could replace the income and estate tax system with a progressive tax on consumption by individuals.  Gifts and bequests could be treated as forms of consumption.
IAE, the reason we have disloyal international oligarchs undermining our republic is in part because they feel themselves to be unconnected to, and not in any way responsible for, either the general citizenry or the republic.  In effect, the gulf in wealth has made them an irresponsible class of neo-aristocrats, that perpetuates its wealth by buying, selling, and investing in political influence and control. 

Why should any sane republic want to perpetuate such a scummy class of aristocrats?
Don't tax domestic business transactions or profits.  Don't tax individual income.  Do tax individual consumption.  Don't tax money imports.  Do tax money exports.  Don't tax non-money exports.  Do tax non-money imports.

Preserve initiative, preserve the republic, counter punch against all that seek to undermine the republic or to establish an oligarchic NWO.

If a son or daughter is truly involved in a small business or farm, then a share of that business, whether corporate or partnership, will likely already have been transferred.  Insurance can also defray against unexpected issues of demise.  Incorporation can facilitate stock transfer planning.  Public corporations will be able to absorb needs by some investors to sell stock to pay transfer/consumption taxes.

No comments: