The Daily Post at WordPress.com
Topic #284: What is the best way to tax people? Countries around the world use different approaches. Which do you think is best? Or should their be no taxes at all? What does it mean for everyone to pay their fair share?
I think the best way to tax people is to place taxes on goods that are strictly for luxury or pleasure, similar to how the United States government implemented heavy taxes on cigarettes.
Although Iâm fine with various taxes like income tax and property tax, I donât think itâs a good idea to have a consistent tax for sales. Sales tax in my region ranges anywhere between 6% and 9%, and I believe it is mostly consistent regardless of what it is that you purchase. For example, someone purchasing necessary basic food like bread and rice to feed their family pays the same amount of tax that someone purchasing a gaming system does. I think it would be helpful to increase the taxes on entertainment and reduce the taxes on necessities.
Something Iâve heard about in the past is to also have a variable tax on types of foods. Having a higher tax on unhealthy foods, such as foods with high sodium or unsaturated fat content, would encourage people to save money and purchase healthier foods, allowing the government to spend less money on paying for peopleâs hospital bills when they get heart attacks from eating too much sodium or fat.
I think that everyone paying their fair share of taxes means that peopleâs contributions to the government are on a variable gradient scale that is adjusted based on how fortunate they are. If someone is so poor that they are unable to pay for their own familyâs survival, they should be taxed less as long as they are showing a directed and focused effort on making money. If someone is so rich that theyâre not sure what to do with their own money and instead go around wasting it, they should be taxed higher. On a slight variation, if someone is rich but they are using their money for a good purpose (such as donating it to organizations that fund advancement projects), they should be taxed less because they are already using their money for the greater good.
Sending Out a Mass Email Fail
Tip of the Day: If you are going to bother all your classmates and send out a mass email asking if someone can send you notes from lecture because you were absent, at least remember to include in the email for which class you need notes.
Or else one of your classmates is going to take a screenshot of your email, post it on his blog, and call you a failure.
The Daily Post at WordPress.com
Topic #284: What is the best way to tax people? Countries around the world use different approaches. Which do you think is best? Or should their be no taxes at all? What does it mean for everyone to pay their fair share?
I think the best way to tax people is to place taxes on goods that are strictly for luxury or pleasure, similar to how the United States government implemented heavy taxes on cigarettes.
Although Iâm fine with various taxes like income tax and property tax, I donât think itâs a good idea to have a consistent tax for sales. Sales tax in my region ranges anywhere between 6% and 9%, and I believe it is mostly consistent regardless of what it is that you purchase. For example, someone purchasing necessary basic food like bread and rice to feed their family pays the same amount of tax that someone purchasing a gaming system does. I think it would be helpful to increase the taxes on entertainment and reduce the taxes on necessities.
Something Iâve heard about in the past is to also have a variable tax on types of foods. Having a higher tax on unhealthy foods, such as foods with high sodium or unsaturated fat content, would encourage people to save money and purchase healthier foods, allowing the government to spend less money on paying for peopleâs hospital bills when they get heart attacks from eating too much sodium or fat.
I think that everyone paying their fair share of taxes means that peopleâs contributions to the government are on a variable gradient scale that is adjusted based on how fortunate they are. If someone is so poor that they are unable to pay for their own familyâs survival, they should be taxed less as long as they are showing a directed and focused effort on making money. If someone is so rich that theyâre not sure what to do with their own money and instead go around wasting it, they should be taxed higher. On a slight variation, if someone is rich but they are using their money for a good purpose (such as donating it to organizations that fund advancement projects), they should be taxed less because they are already using their money for the greater good.
The Daily Post at WordPress.com
Topic #284: What is the best way to tax people? Countries around the world use different approaches. Which do you think is best? Or should their be no taxes at all? What does it mean for everyone to pay their fair share?
I think the best way to tax people is to place taxes on goods that are strictly for luxury or pleasure, similar to how the United States government implemented heavy taxes on cigarettes.
Although Iâm fine with various taxes like income tax and property tax, I donât think itâs a good idea to have a consistent tax for sales. Sales tax in my region ranges anywhere between 6% and 9%, and I believe it is mostly consistent regardless of what it is that you purchase. For example, someone purchasing necessary basic food like bread and rice to feed their family pays the same amount of tax that someone purchasing a gaming system does. I think it would be helpful to increase the taxes on entertainment and reduce the taxes on necessities.
Something Iâve heard about in the past is to also have a variable tax on types of foods. Having a higher tax on unhealthy foods, such as foods with high sodium or unsaturated fat content, would encourage people to save money and purchase healthier foods, allowing the government to spend less money on paying for peopleâs hospital bills when they get heart attacks from eating too much sodium or fat.
I think that everyone paying their fair share of taxes means that peopleâs contributions to the government are on a variable gradient scale that is adjusted based on how fortunate they are. If someone is so poor that they are unable to pay for their own familyâs survival, they should be taxed less as long as they are showing a directed and focused effort on making money. If someone is so rich that theyâre not sure what to do with their own money and instead go around wasting it, they should be taxed higher. On a slight variation, if someone is rich but they are using their money for a good purpose (such as donating it to organizations that fund advancement projects), they should be taxed less because they are already using their money for the greater good.