Earlier quoted context omitted.
Best way to do it I've ever seen is the automated transactions tax, whereby you replace most taxes with a small percentage taken on every financial transaction (plus a larger one when converting to/from cash to account for the black economy). It's progressive because poor people will only pay twice (once on their salary/benefits, once when buying stuff), whereas rich people will pay several times when moving money ar…
Expect a new class of companies to spring up overnight that are dedicated to bundling transactions to avoid this new tax. For instance, I could make a single transaction to my broker that covered all of my expected expenditures for the month, and that broker would then disburse it to my payees, bundling it with funds from other payers to avoid the tax on the other end. I am strongly in favor of a tax on all stock mar…
Re: Battery supply problems faced by electric air taxis
#41Tax law already handles much more complex schemes. Admittedly nowhere near perfectly, but then this scheme being simple frees up resources for policing, and the tax code being much simpler makes it less easy to exploit.