Taxless society idea

[BitunaTeam]

I have idea for discussion.

How it could work Taxless society:

Independent world deflationary money for storing value (bitcoin, litecoin...) in combination with inflationary digital money from central banks valid only limited time to directly spend (buying goods and services) or you can change to deflationary money (store of value).

With transparent view of circulating supply on blockchain for each country (inflation based on growing population, number of new pensions... in last year or some other time period).

Community interests (healthcare, roads, pensions...) can be financed directly from the part of that emission with limited valid time inflationary money on annual base.

The salary received in inflationary digital money from the moment of receipt must be spent or exchanged for some store of value (bitcoin, litecoin...) in 1 year or will be automaticly exchanged for some independent world "store of value" (bitcoin, litecoin...) upon expiration of time (just example).

After expiration inflatory money would not be worth (will be "burned").

What do you think is this can be done to work?

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[hatshepsut93]

If you'll try to replace taxes with printing money (which is effectively a tax on owning money), you'll just destroy your economy, because no one would want to own money and the inflation would be much higher than what would you expect from simple calculations. Taxes can be very complex, there are tons of rules that can increase, decrease or even remove taxes for certain situation, meanwhile printing money just affects everyone the same, so this idea is much worse than taxes.

[BitunaTeam]

If you'll try to replace taxes with printing money (which is effectively a tax on owning money), you'll just destroy your economy, because no one would want to own money and the inflation would be much higher than what would you expect from simple calculations. Taxes can be very complex, there are tons of rules that can increase, decrease or even remove taxes for certain situation, meanwhile printing money just affects everyone the same, so this idea is much worse than taxes.

Printing money specially for community purpose and specially for real business is taxless situation not "tax on owning money".
Why would no one want that money if it is a separate part that finances common interest and real business (money created at the time of need)?

Printing money for just community purpose will be no different from the current system where people are just looking at how to avoid or pay less taxes in different ways, which again that earnings from taxes does not end up 100% for the purposes it should go.

The inflation would be the same and value of money would remain the same with the same monetary policy, only the way of financing common interest will changes and the real business sector gets true freedom.

Inflation could be controlled mathematically with issuing and with coin burning.

I think that taxless society can be possible with just more transparency and with more math.

[exstasie]

Printing money specially for community purpose and specially for real business is taxless situation not "tax on owning money".
Why would no one want that money if it is a separate part that finances common interest and real business (money created at the time of need)?

Printing money makes it less scarce, decreasing its value. Whenever money is printed, those who already hold some are essentially being taxed because their holdings are being devalued. That's what hatshepsut93 is referring to.

Printing money for just community purpose will be no different from the current system where people are just looking at how to avoid or pay less taxes in different ways, which again that earnings from taxes does not end up 100% for the purposes it should go.

Yes, it's not really different from the current system. You're just paying taxes via monetary inflation rather than having it explicitly taken out of your paycheck.

Inflation could be controlled mathematically with issuing and with coin burning.

Inflation could only be reliably controlled in a decentralized cryptocurrency like Bitcoin, where the entire network enforces the inflation rate. If left up to central banks, they'll just do as they please.

[Distinctin]

TBH, I wasn't able to digest your idea, it seems so complicated to me.
Tax is the lifeblood of the government, so I don't think they will eliminate that to live in a taxless society with the idea that you propose.
Most of the countries are not yet incline with cryptocurrency, so they'll basically use their current tax system.

Actually if we can all adopt with digital currencies, thing will be more transparent, unlike now in our country where double taxation happens.
For example, the national government imposes tax already, while the municipalities are also doing their taxation to increase their collections for their area.

[Tylev]

How much humanity is developing, however, not a single state has been able to do without taxes. Taxes, as always, are sorely lacking to cover social needs and this periodically leads to shocks in almost all states.
The proposed measures are very difficult to understand, but in any case, they are not suitable for building a tax-free society. The advent of cryptocurrency will also not be able to solve this problem. Taxes are necessary in any society.

[NeuroticFish]

Inflation is the government tool to fine tune economy / budgeting / debt. Allowing (and forcing!) average Joe to store his money in a "store of value" manner will make the whole inflationary part useless.

Also, you wrote that "community funds" will be made in inflationary coin, with one year existence. How about multi-year investments? How about late payments? You won't like to see you've received inflationary money as payment for jobs done for the community services and the money you received is at the verge of expiration. How about the community services getting unable to pay because their funds have expired?

[romero121]

Taxes were the key tool that governments use to acquire the earnings of people. When the nation goes Taxless surely large investment flow will happen into the country as investment. Taxless society is possible only when basic needs of a citizen is fulfilled by the government. Even the richest economy of the world haven't fulfilled the needs of common people.

Here rises a question how would the government gets income, governments should avoid privatization. In several countries even the sectors that were under the control of governments were handed over to private networks. This will accumulate the fund in a single persons hand. If it is under the government control it gets to the hands of the common people through the government. Maybe this is impossible, but this seems to be the only way to go Taxless.

[bitbunnny]

The idea you presented sounds more like fiction than something that could function in reality. Printing money instead of taxes is disaster for any economy, that wouldn't work. Without taxes it wouldn't be possible to accumulate enough funds to cover all needs of local community or state in whole. And cryptocurrencies are not the solution, they can't replace taxation as well as they can't replace fiat money.

[jaocoincrypto18]

The idea you presented sounds more like fiction than something that could function in reality. Printing money instead of taxes is disaster for any economy, that wouldn't work. Without taxes it wouldn't be possible to accumulate enough funds to cover all needs of local community or state in whole. And cryptocurrencies are not the solution, they can't replace taxation as well as they can't replace fiat money.

I agree with you. No government will be able to survive if they will not rely on taxes that will use to sustain the government spending for the welfare of their people. Except if the certain government has lot of income generating properties that enough to support the people needs then Income  taxation will not be truly necessary.

[Kakmakr]

So you want to tell people what they have to do with their wealth and if they do not do that, you want to destroy that wealth? Is that really the kind of solution that you want to provide to people in an experiment like Bitcoin, where we try to promote freedom from centralized decision making on our personal finances?

Also what will happen if you destroyed <burnt> all the coins in circulation, will you influence or force people to add more coins to the current coin cap? <That is the one thing that gives Bitcoin it's value -- scarcity> 

[deisik]

What do you think is this can be done to work?

I seriously doubt about the "burn" part

Actually, this idea is nothing new as there were attempts in the past to implement it in practice. Quite naturally, not a single one succeeded because for money to be money it should keep up its purchasing power for long enough so that the loss of that power wouldn't be felt (too strong). But what you suggest is in stark contrast with the idea of money as such, the inference being that the whole scheme looks contrived and not natural (read, it is not viable unless forced)

[el kaka22]

That makes no sense at all, you are forcing people to spend their money and that won't fly in any sort of system at all, not communism not capitalism not socialism. There is really no system where we can tweak this and make it work. Hell the problem is not even taxes, its how the politicians do not use it.

You can see countries with hundreds of billions of dollars in tax income that go bankrupt because the politicians do not use the taxes for the good of people but only to better themselves. So, you need to build a system where people could actually get to see their taxes comeback to them. Right now, Americans have a problem with healthcare for example, they spend more money and pay more taxes on healthcare than 100+ countries yet they think having a free healthcare would be bad, they don't realize that they are already paying more than other countries in healthcare and think the taxes would be high.

[CryptoBry]

The idea of a taxless society seems good on the part of the millions of taxpayers annually sharing the burden but will it really work for the betterment, stability and development of the society in general? I highly doubt that but I do commend your sharing of the idea here as many of us are frankly wishing that one day we are not anymore obliged to pay our share but we know that taxes are necessary for the society to run otherwise we should eliminate the government all together but that can be the key to more problems rather than solutions. Right now, we are at the global economy already at the point of no return with all the mounting debts affecting everybody.

[audaciousbeing]

An economy without taxes is one that is bound to fail. It just cannot work no matter under the guise which its going to be entertained. From time immemorial even before the advent of money as a measure for the payment of taxes or the understanding of the complex economics terms such as the impact of the GDP or impact on inflation or deflation as the case may be, taxes has been something human being have also paid in one way or the other because its a fabric that hold the society together. Not only to create money for people running government but also to maintain stability in the social economic strata.

[rjbtc2017]

It depends, if there is a replacement for Tax- which is one of the sources of profits/fund of the Government to make their Departments function, then it will be okay, but the design of the current Government system is the one which actually worked, it's traditional and trusted by the mass.

[Febo]

Community interests (healthcare, roads, pensions...) can be financed directly from the part of that emission with limited valid time inflationary money on annual base.

That will not work. It is a premine or taxmine as zcash and dash have. It is stolen from miners and will never be approved by regulators.

[BitHodler]

No government will be able to survive if they will not rely on taxes that will use to sustain the government spending for the welfare of their people. Except if the certain government has lot of income generating properties that enough to support the people needs then Income  taxation will not be truly necessary.

I don't think we'll ever see governments be competitive enough in the world to not need taxation, but they actually can do a whole lot more to not subject us to insane taxation laws that are similar to theft.

Governments have become so lazy due to the printing of money, that they don't see the need to become more competitive as country. If you also have a secondary income through taxation, what more do they need?

Instead of getting taxed less throughout the years, we have been taxed more. We're nothing but walking bank accounts they can access whenever they think it's necessary. 

[Cemploon]

People will surely be pleased with no taxes, but whether this can happen live without taxes. Governments provide taxes as every country needs development.

Your idea I think its hard to be true. With the tax, everyone can get economic growth and not just development.

[btc_angela]

It's good in paper but it's more complex at it seems, you need full cooperation for public and private sector so most likely they will clash in the end. Plus will government allow that kind of setup? I don't think that they would allow old and traditional just run over by crypto is this is what you are trying to drive out here.