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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?

This entry was posted on Wednesday, February 28th, 2007 at 6:40 pm and is filed under Social issues. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Transaction tax”

  1. wolftone Says:
    March 1st, 2007 at 1:39 pm

    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

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