Transaction tax

One idea to make the tax system fairer and simpler is to simply use a transaction tax: every time money changes hands, a (low) percentage is collected as tax income. No exceptions. Proponents claim this would be equitable, enforceable, progressive.

Thoughts?

2 Responses to “Transaction tax”

  1. wolftone Says:

    I think that this idea falls into the trap of seemingly-elegant ideas which are more appealing to engineers than realistic. I also think it’s stupid. More at:

    http://wolftone.livejournal.com/10635.html

Leave a Reply