Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Feel free to give feedback as these rules are expected to keep evoloving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
The best idea would be, imo, a transaction tax. Not a sales tax, but rather a tax on all transactions, which would include sales transactions, but others, too. 10% too high, I think. Our current systems have all been corrupted cabal money lender systems, so much money is needed by govt. But in an ideal system, govtr would be much, much smaller, and people would both take care of themselves and others.
The advantage of this sort of thing is that ALL participants in the economy contribute equally. Neither the poor or the rich are advantaged. The man who is frugal, grows his own things and is self-sustaining can then pay much less tax than those who utilize the goods and services of others. Including institutions, etc.
So there is an incentive there to be responsible and self-sustaining, which currently doesn't really exist due to myriad other forms of taxes. Property tax, capital gains tax, etc.
The Australia One Party has a tax policy objective of only one tax existing: a 2% expenditure (aka transaction) tax. I like that idea very much.
https://australiaoneparty.com/policies-summary/
Would a transaction include things like making payments to a loan account?
Not sure. I think not, because if you are simply repaying a loan, there is no exchange of goods or services.
Perhaps 'transaction' tax is the wrong expression. A1 calls their policy an expenditure tax. So I think that would be when you expend money to purchase something - anything and everything.