Taxless society idea

[shield132]

Taxless society? Are you kidding? Let's forget bitcoin for a while and discuss.
Taxless society means no income from society which means no money is made from them. Now I want to remind you greatest scientist Nikola Tesla. Do you know that he was able to provide wireless electricity but this invention didn't find success because of commercial interests? Imagine how great it would be, how cost effective to receive electricity wireleslly without cables but no, it's not profitable for profit looking monsters who will never be able to spend that money during life but still can' get satisfied.
What about if we humans were pieceful creatures? We spend a lot, really a lot of money in military and for what? Why? Because we can't stand in piece and everytime we have to be ready for war.

[1715335910]

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[1715335910]

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[BitunaTeam]

Taxless society? Are you kidding? Let's forget bitcoin for a while and discuss.
Taxless society means no income from society which means no money is made from them. Now I want to remind you greatest scientist Nikola Tesla. Do you know that he was able to provide wireless electricity but this invention didn't find success because of commercial interests? Imagine how great it would be, how cost effective to receive electricity wireleslly without cables but no, it's not profitable for profit looking monsters who will never be able to spend that money during life but still can' get satisfied.
What about if we humans were pieceful creatures? We spend a lot, really a lot of money in military and for what? Why? Because we can't stand in piece and everytime we have to be ready for war.

You still do not read with the understanding the essential point of my idea.

When you pay taxes, your taxes just go to state budget for financing community interest. Nothing special happens.
That money should be spend for community interest.
With my idea, the way for fill state budget is just changing to goverment side.
Briefly:
My idea is to Goverment fill and spend state budget transparently with FULL RESPONSIBILITY.
Inflation can be cotroled with limited time usage digital currency from moment when you receive salary in that currency (example 1 year).
And this can be achieved easly with public blockchain.

[Pab]

Too much complicate for me and very much unreal
Divide money in two categories will not work
There is also no global money Countries has his own currencies and it has to stay like that because national currency is root of independence
Crypto is still not so much used like a money and  crypto is still too young and very much controlled by miners
Crypto can't replace fiat and national currencies
By my opinion best way for crypto is to stay like a alternative money

[RapTarX]

As this Minsky guy said, everyone can create money

But apart from everyone else, the central authority (otherwise known as government) can also force their money into acceptance by the local populace. That technically means they have a sufficient leeway in how much they can print and that basically answers your question. The government can fund their expenditures by simple money-printing (it is called an inflation tax, for the inquiring minds). Indeed, there are limits to this effort but any government at some point had been doing exactly that in the past, and there is no reason to believe that they won't in the future. Such is life and then they start the printing press

Govt currency acceptance is easily done. People need to pay a lot of money to govt, so, it has acceptance. People are forced to accept it. However, there's some exception as well. Look at Zimbabwe. Because of the inflation, govt decide to introduce new currency which also face the same. They weren't accepted by the people.
Govt can't print money if they need to fund expenditure. Money printing can affect the economy widely. For ex, if govt print more money than M0 (I'm not certain what's the denomination), economy will face a significant inflation.

[BitHodler]

Crypto is still not so much used like a money and  crypto is still too young and very much controlled by miners

Each pool people think controls a large chunk of Bitcoin's network, consists of thousands of smaller miners pointing their hashrate to them. It's not as centralized as it may seem by looking at the pie charts of the hashrate distribution.

Positive development is that there have been various proposals to further decentralize the network further by for example allowing the individual miners to choose which transactions they mine instead of the pool operator.

Even you as smaller miner with just a few thousand dollar worth of equipment will be able to contribute. Isn't that something to look forward to? We're here for the same reason, which is to see Bitcoin succeed.

[STT]

Goverment will also not have to worry about tax invasion.

Tax evasion is a common problem and if we say in general the government is easily viewed as inefficient in every task it performs and this forms a cost as well.  The best solution that I've heard of for this continual problem is the universal basic income where all citizens receive a very basic wage from the state regardless of their other factors or job income or assets or circumstances.   Then the tax extracted is mostly via a sales tax or scalable % based on non essential goods.   People who spend money to carry on living such as food should not be taxed as its not an optional activity but its fairly justifiable to tax luxury goods to service the state.   
   Also a direct tax like this makes the expenditure of the government far more clear as a burden upon the nation and the people.   This is an important feedback effect that should help control some of the endless spending and inefficiency in the government.

If you'll try to replace taxes with printing money (which is effectively a tax on owning money),

This is the status quo, its already true that governments are financing themselves by over producing currency and handing it to themselves via low interest debt.    The main reason this is a problem is it leads to confusion and distortion of the economy.   There is a negative and a cost to destabilizing the value of the nations currency, it will cause inefficiency and instability which is hard to measure but causes the risk of bubbles and crashes in asset prices from overly loose monetary policy.

[Daffadile]

A taxless society could work since the money can come from peoples shares/tokens in different companies. So there will be enough people to build roads and hospitals and things like that since the tax money people would ordinarily spend on giving to the government they would have the power where to buy tokens from and what to support. Even make a profit off of it.

[breathlessz]

Taxless society can only be appreciated through cryptocurrency, because it's decentralized and financially independent. When implementing taxable money, it's only for fiat currency economy which was governed by the law of the state. Regulation is strictly applied on centralized currency which is the traditional paper money.

That happened because the government had not legalized it, but if it was stipulated in the law, I think the government would look for loopholes to get state revenue, namely taxes. I don't think the country can prosper without a lot of state income. Even the developed countries have the largest tax revenue sector, but at present cryptocurrency has no tax levied

[slocker]

This is from some point of view not possible. Every society have his own politic and culture for example. Another thing to mentioned here tax is pay to state/government for one reason. That tax is to be used in next fiscal year to improve this/that society. That money is used by all soft of department in following year to improve everything in that/this state.

Without this tax nothing can work or function. If this is to be stopped then it could bring to global disaster or even worse. Tax is something that we use in some part of the life. When there is fire you will call fire department to put that fire down. This is one of many examples that tax money is distributed, also its for creating roads railways ..... Many thing are created from this tax money, also there are bad usage or better said misused fund.

Unfortunately this is how thing go around the globe. Sadly this is good idea or maybe good proposal but this is something hard to accomplish even on paper.

[jrrsparkles]

So everyone should be independent on their economical status and needs? Highly impossible though because things like health care or other infrastructure given by the governments are not possible to be done with the personal that is why tax system made.There are lot of corruptions on the taxes but still that thing managing the humanity to be working under some rule.

[carter34]

So everyone should be independent on their economical status and needs? Highly impossible though because things like health care or other infrastructure given by the governments are not possible to be done with the personal that is why tax system made.

I'm not supporting whether taxing can go off or not but looking at the above, remember we have private hospitals and different sectors of life are now managed by the private sector. Government will not totally hands off because, the fact that there is government is the reason that laws, rules and regulation control people's desires. Hence, if we don't have government, life will go back to being brutish.

[BitunaTeam]

Too much complicate for me and very much unreal
Divide money in two categories will not work
There is also no global money Countries has his own currencies and it has to stay like that because national currency is root of independence
Crypto is still not so much used like a money and  crypto is still too young and very much controlled by miners
Crypto can't replace fiat and national currencies
By my opinion best way for crypto is to stay like a alternative money

Money is already divided but today that is happens on the end (when you purchase something).
If you are merchant, when you sell some product you add VAT - Value Added Tax on your product price.
In that moment, you divide money on your earning and state income earning.
That tax is BACK to state income (Nothing special).

All money spent from the state budget has predetermined reasons for what is spent in next fiscal year.
Included average population growth, funds for possible natural disasters, etc.

With my idea we only change time when money is divided and the side that does.
The goods and services will get a clean price.
Price forming is already a free decision from merchants.
For me this is just technical and mathematical problem.
Transparent blockchain technology can realy help for realize this.
Governments will not lose control they can still control businesses with penalties for ilicit activity.

I have not write anywhere that cryptocurrency will replace the national currencies.
We can still use cryptocurrencies in combination with national currencies.

Deflationary currency does not jeopardize inflationary currency like dollar, euro....

[suzanne5223]

Taxless society can only be appreciated through cryptocurrency, because it's decentralized and financially independent. When implementing taxable money, it's only for fiat currency economy which was governed by the law of the state. Regulation is strictly applied on centralized currency which is the traditional paper money.

You maje your point but everything which is used as a medium exchange of value ought to be taxable and if we want cryptocurrency to be the mainstream of payment there's nothing bad in paying tax since some government gradually support Bitcoin.

Back to the OP question, I don't support your idea because excess fiat printed was also among what causes inflation.

[imstillthebest]

Taxless society can only be appreciated through cryptocurrency, because it's decentralized and financially independent.

You maje your point but everything which is used as a medium exchange of value ought to be taxable and if we want cryptocurrency to be the mainstream of payment there's nothing bad in paying tax since some government gradually support Bitcoin.

right . i heard somewhere that there are now  countries that are now taxing cryptos this is good because tax are helpful to one's economy but this does not mean that cryptos are being promoted or will now become a mainstream payment gateway . taxless society is i think not really possible at all  but its possible for some people to not pay for thier tax especially if they are really poor  , thats what i understand about how taxing works  .

[FlightyPouch]

Taxless society can only be appreciated through cryptocurrency, because it's decentralized and financially independent.

You maje your point but everything which is used as a medium exchange of value ought to be taxable and if we want cryptocurrency to be the mainstream of payment there's nothing bad in paying tax since some government gradually support Bitcoin.

right . i heard somewhere that there are now  countries that are now taxing cryptos this is good because tax are helpful to one's economy but this does not mean that cryptos are being promoted or will now become a mainstream payment gateway . taxless society is i think not really possible at all  but its possible for some people to not pay for thier tax especially if they are really poor  , thats what i understand about how taxing works  .

It is impossible to develop a country without tax, it is the blood of the country, as my teacher said in our taxation subject. Some of them might be corrupted by the government but most of them usually go to the country's need, infrastractures, programs, etc. Despite saying all of that, I don't support bitcoin being taxed since the reason I use it is because it is decentralized.

[sana54210]

The concept of taxation has been around since day one. It is a way for the government to actually exercise the income distribution concept. It is one the best ways to make lives easier and good as a result of the provision of health facilities and free education. Sweden is one of the most tax collecting countries and its life standard is super excellent.

That idea of having tax less society is really insane to me, it wild have been easier if we ourselves knows our let from right, but we live in a world where we have so many lawless people who does  not know the right thing to do except they force them to do it,  how would we be able to coordinate our self out of contribution to fix our environment.

In my vicinity, ordinary contribution to fix something that we use together to make our environment better becomes a problem to people around you, if not because of government and taxes, many beautiful cities and many things we enjoy today would not have been possible.

Government needs the tax for our own benefits and we know it, I understand that we have some countries that has so many useless leaders that all  they do with their tax money is to siphon it and use it for their personal consumption in creating luxuries for themselves, rather than making the lives of their citizens better and i know some countries like that in Africa which I would not mentioned for peace purpose.

[deisik]

As this Minsky guy said, everyone can create money

But apart from everyone else, the central authority (otherwise known as government) can also force their money into acceptance by the local populace. That technically means they have a sufficient leeway in how much they can print and that basically answers your question. The government can fund their expenditures by simple money-printing (it is called an inflation tax, for the inquiring minds). Indeed, there are limits to this effort but any government at some point had been doing exactly that in the past, and there is no reason to believe that they won't in the future. Such is life and then they start the printing press

Govt currency acceptance is easily done. People need to pay a lot of money to govt, so, it has acceptance. People are forced to accept it. However, there's some exception as well. Look at Zimbabwe. Because of the inflation, govt decide to introduce new currency which also face the same. They weren't accepted by the people.
Govt can't print money if they need to fund expenditure. Money printing can affect the economy widely. For ex, if govt print more money than M0 (I'm not certain what's the denomination), economy will face a significant inflation.

But what or who can stop them?

Yes, excessive money printing will cause inflation to soar but its burden is not on the government but on the ordinary people. Actually, this is what all governments do when they face things like an all-out war. They start financing their expenses through money printing as this is a sort of last-ditch recourse. The Zimbabwean government just lost touch with reality. Most other governments know better and use the inflation tax wisely as it is pretty much like the law of diminishing returns until the returns turns into real problems

[fiulpro]

Government can print money but the more they print money ...the more their own currency will suffer , you should understand that it never goes like this the fact that taxes are not 100% of your salary means we can more or so pay them , if we are earning this much , we will be the ones suffering if our Currency went down .. all the stocks , the banks will have a hard time.
This is not how it would go.

[trickyriky]

Sounds like a good idea but do you think that economist does not know this? The idea looks nice but have you ever thought of the effect of it on the society? And have you ever seen the effect of printing of too much money before and even if you suggest it gets burned, but in a lawless society, do you think they will be able to follow that rule strictly. I think the taxing system is better of that what you have here brother.

We  can only try to fight for a reduced tax on the society but not to fight against its policy, tax is also what is used to bring law also you know. Look at the use of electricity, the tax they pay on that would make anyone no to waste power, so that has also help to put order aside the development of the country you earlier mentioned.

To fulfill its functions, the state needs financial resources, which it receives through taxes. Therefore, the state cannot do without taxes. Economic management, defense, court, customs, law enforcement, free medical care, and education - this is not a complete list of those areas of the country's budget expenditures for which taxes must be collected.

Thus, since the advent of the state, taxes have become a necessary part of economic relations.

[Reid]

Yes it could work.
But who will do it?

You said taxless society right? So will there be a government to govern without money coming in?
They are leaning to that money and that is why a government is working because of tax. If there will be none then I suggest making another form of government.
But I tell you now, it will be ruthless and lawless. It will just be fear which will roam around.
When you think of a new way to live in this world then you should also think about other people.

Let us stay with cashless before we even go to taxless.