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[guteit@norden.social]

@babaq @MostlyHarmless
Not for the poor. They spend all they earn.

[mason@partychickens.net]

@bugbuster42 @MostlyHarmless Thanks! Fixed.

[birkenator@mastodon.social]

@alper @babaq @MostlyHarmless you still pay VAT on what you pay with loaned money righr? I believe using loans is mostly to get around income tax.

[ulrich_the_elder@thecanadian.social]

@MostlyHarmless Or you could strip all the pedophile billionaires of all their money toss them in prison and cancel taxes for everyone else.

[babaq@mastodonczech.cz]

@unusnemo I believe it is the same everywhere
@MostlyHarmless

[babaq@mastodonczech.cz]

@elCelio I think it is the most just tax: you pay for what you consume, when you consume
@MostlyHarmless

[babaq@mastodonczech.cz]

@guteIT … and?
@MostlyHarmless

[apenkop@mstdn.social]

@Ulrich_the_elder @MostlyHarmless Not only the pedophile billionaires, but the other billionaires as well. They all own too much wealth, scraped off of the normal people. We want it back.

[janneke@todon.nl]

@babaq @MostlyHarmless
Flat tax on wealth only.

[nocto@social.lol]

@MostlyHarmless isn’t this basically what a tax free personal allowance is for? Though I’m not at all sure that the UK’s £12.5k, which feels like it’s been frozen forever, is enough for each person to pay for housing & utilities, but I feel like that’s the concept behind it.

[wifiwits@infosec.exchange]

@guteIT @babaq @MostlyHarmless for people earning below the income tax bracket this would undoubtedly lead to increased rates of vat which means they’d be hit very very hard.

[alper@sfba.social]

@birkenator @babaq @MostlyHarmless
That's not the part that matters most. (They borrow to avoid income). That lower income people spend all their income to make it through the month. Rich people spend a fraction of their income. If you can't tax them for the money they make they'll sit on more and more money.

[birkenator@mastodon.social]

@catch56 @alper @babaq @MostlyHarmless so in essence it’s easy to get around income tax and harder to get around VAT.

[babaq@mastodonczech.cz]

@alper I am not proposing to have *only* VAT – I suppose that some kind of revamped wealth tax is also necessary
@birkenator @MostlyHarmless

[xchaos@f.cz]

@MostlyHarmless yes, this idea is called "small business". Some people actually (but then, at least in EU, you soon qualify for VAT, which makes your products and services more expensive to everyone not paying VAT)

[gokushrm@mastodon.social]

@MostlyHarmless replace all income tax with service tax (whatever u buy or use). By doing this sale will increase dramatically and gov. ll get revenue from goods.

[jotho@mastodon.social]

@MostlyHarmless that's mostly BS. A rich person could run up fabulous bills for private airplanes, yachts, personal whatevers, his business, and never pay taxes at all. That's pretty much what already happens

[babaq@mastodonczech.cz]

@Landa it is too easy to evade income tax here in Czechia and I mainly reflect my experience
@elCelio @MostlyHarmless

[birkenator@mastodon.social]

@babaq @alper @MostlyHarmless it’s a pipe dream though.

Most western systems are all about keeping the lower classes occupied and uninformed while the higher classes make the real policy.

The key word is occupied - enough income for food and the occasional new car, but not enough to do damage.

That system is hard to change. In some places politics are almost Chinese, but rich people are hand picking politicians instead of an aligned committee.

[drorbedrack@mastodon.social]

@MostlyHarmless This is why we have tax breaks and brackets