Saturday, April 16, 2005

Some More Politics

As usual, I spent my Shabbos exploring innovative ideas to make this world a better place to live in. Today's topic - total tax reform. Today's proposal - A single tax structure based on property tax. The advantages - Simplifies tax collection-could eliminate sales tax and income tax bodies, hard to evade-everybody needs a place to live, generally fair-land ownership generally is the biggest form of wealth asset, doesn't negatively affect the economy- lowers tax on consumption. The disadvantages - Might be hard to protect the poor from tax burden being passed on to them by landlord, retirees would have a hard time preserving ownership.

Discuss.

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