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Originally Posted by Smidgey
I would prefer to reduce/abolish as many taxes as possible (including the income tax and corporation taxes as a priority).
My prefered option would be to fund the minarchist state with a sales tax (which could hopefully be lowered over time). My reasons for this are that:
1) Wealthier people purchase more than poor people, thus in a sense (although not to the same extent) it would have similar impact to an income tax based upon ability to pay.
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But poor people spend more of their budget, it is regressive in that sense and generally considered so.
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2) I don't support your idea of a land tax BonnieDundee, for the main reason that I think one's property is theirs and they should not be taxed on something they own (and I don't want to get into an argument about the philosophy of property here).
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Well aside from the fact that everyone deserves equal access to land as even Locke noted this is a tax that is collected anyway. It is simply value created by nature and society which is collected by the landlord's who did not create now, they are taxing us. The LVT simply removes this unearned income from them by taxing only ground rent ie the value of unimproved land created by society and nature and allowing society to use it.
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3) It is practical and requires less bureaucracy than many other forms of taxes. Although it most certainly has the major disadvantage of passing the burden onto corporations and consumers. Although, I believe this to be one of those 'least bad' situations.
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I'd say it takes as much bureaucracy as some other forms of taxation. It generally passes the burden on the consumer.