Taxless society idea

[RapTarX]

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.

That's being said-
“Everyone can create money; the problem is to get it accepted“-- Hyman Minsky.

If there's no tax, how do the central authority will develop the country? Who will fund them?

With or without 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).

What if inflation/deflation arise in the economy? Can circulation of a single coin can be done both deflation or inflation? If not, the same of the current economy will be reflected again.

[acroman08]

If there's no tax, how do the central authority will develop the country? Who will fund them?

this is what the OP suggested

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

it always makes me laugh when people talks about the possibility of tax-less society. it is easy to think up of an Idea about tax-less society but putting it into action is almost
impossible.

[guoyu78]

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.

[Betwrong]

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

I'm sorry but I can't see the difference between what you proposed and what we already have with the fiat money printed by central banks. To me it looks like you suggest replacing the fiat with some crypto that has the same properties. Will it work? It can. But aren't we having that already?

[iMark]

If there's no tax, how do the central authority will develop the country? Who will fund them?

this is what the OP suggested

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

it always makes me laugh when people talks about the possibility of tax-less society. it is easy to think up of an Idea about tax-less society but putting it into action is almost
impossible.

A rich country because of tax income, and people have the idea to erase it and convince many people that the country can survive from other income, That is the weirdest idea I hear the most, taxes have been around for hundreds of years, and tax income is very important for the country's development, arguably tax is one of the biggest contributors to the state budget, the country will surely collapse if it removes taxes.

[vintages]

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

I doubt it, not when we still have the government.
Even math can't help much here.
State governments live on tax, without tax a country won't be up to standard and guess what, the people will complain.
The only thing agreeable here is a transparent system for tax payment. This is where blockchain can come to play, if there is true transparency, every tax issued won't be as highly charged as it is now.

[deisik]

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.

That's being said-
“Everyone can create money; the problem is to get it accepted“-- Hyman Minsky.

If there's no tax, how do the central authority will develop the country? Who will fund them?

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

[Theb]

The idea in it sense looks good but if you dig deeper you will see a big hole in your plan. First of all how will you get everything financed from a taxless society? You mentioned about healthcare, pensions, and other projects but how do you this things can be accomplish if the government doesn't even have any income coming from taxes? What will be the other alternative for them to have income? Because I don't see how the government will just be dependent on their citizens' contributions since it will be a slow development waiting for donations just to start a project. And of course a taxless society would only be a center of abuse for the top 1% in this kind of society the rich would be more richer and they'll be more powerful than the government running the society.

[Schirer]

I am not sure if i understand your idea as you intended.

So all the government expenses would made of thin air and would amount to crypto currencies value decrease?

I dont think that any taxless society can exist , if there is no other source of income like oil .

[Ucy]

I'd go for multiple sources of income for a Blockchain society. People wouldn't bother about taxes as long as they are living  comfortable lives and is tax transparently spent on things they choose by themselves. If you can guarantee basic needs of life without straining a Blockchain economy, people will  happily and proudly pay their taxes.

[Tylev]

In general, the idea of ​​a tax-free society is stupid and practically impracticable. No society without taxes will last long. I am from Ukraine and a good example of this is our army. It seemed that we were among friendly states and therefore reduced our nuclear arsenal, abandoned the status of a nuclear power, and went on a sharp reduction in the army. As a result, the state, which we considered closest to us, took advantage of this: Russia. Now she has invaded our territory, captured part of it and is killing our citizens. Only thanks to volunteer battalions we defended our independence and now we are building the most powerful army in Europe. And for this we introduced additional taxes.
There has long been a true saying - if the people do not want to feed their army, they will inevitably feed someone else's. Such an example can be given in any industry.

[RealMalatesta]

I have an idea of exact opposite. Moneyless country, nobody makes any money and there is no money involved, there is no tax, nothing costs money at all. Considering there is wealth hoarding all around the world right now and rich people are making sure they get all the money in the world while keeping others poor, its obvious that our current monetary system doesn't work.

So, it will be first come first serve type of world, everyone will work somewhere, governments job will be putting everyone into works they can work unless people can find their own job of course in which case people can work wherever they want. In return government will make sure everything gets done, there is no money so there is no reason not to fix the problems countries have since they won't face budget problems.

[Betwrong]

I have an idea of exact opposite. Moneyless country, nobody makes any money and there is no money involved, there is no tax, nothing costs money at all. Considering there is wealth hoarding all around the world right now and rich people are making sure they get all the money in the world while keeping others poor, its obvious that our current monetary system doesn't work.

So, it will be first come first serve type of world, everyone will work somewhere, governments job will be putting everyone into works they can work unless people can find their own job of course in which case people can work wherever they want. In return government will make sure everything gets done, there is no money so there is no reason not to fix the problems countries have since they won't face budget problems.

Moneyless societies existed thousands years ago, but they all failed. Many people don't want to work, but they want to eat and be entertained. So they gather in groups and rob those who work, raping the sh*t out of them, male and female. That's how barbarians used to live, but they were eventually defeated by more cultured and sophisticated societies, who, btw, used money already.

But I'm not trying to say that current economic system is perfect. It has some big flaws, and it should be replaced by something new and more effective, but by something entirely new, not by something from the distant past.

[deisik]

I have an idea of exact opposite. Moneyless country, nobody makes any money and there is no money involved, there is no tax, nothing costs money at all. Considering there is wealth hoarding all around the world right now and rich people are making sure they get all the money in the world while keeping others poor, its obvious that our current monetary system doesn't work

No money no honey

Inventing money was a huge step ahead for humanity, quite comparable to control of fire by early humans. Without money (whatever form it may take or however inefficient it may be), we would still be mostly hunter-gatherers. Without money, the division of labor wouldn't be possible, which is at the basis of all wealth created in the past and that which is to be created in the future (even though it is not straightforward to grasp). Conceptually, money removes the factor of time as well as space from the equation of the exchange of goods and services. This is a big deal

[acroman08]

If there's no tax, how do the central authority will develop the country? Who will fund them?

this is what the OP suggested

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

it always makes me laugh when people talks about the possibility of tax-less society. it is easy to think up of an Idea about tax-less society but putting it into action is almost
impossible.

A rich country because of tax income, and people have the idea to erase it and convince many people that the country can survive from other income, That is the weirdest idea I hear the most, taxes have been around for hundreds of years, and tax income is very important for the country's development, arguably tax is one of the biggest contributors to the state budget, the country will surely collapse if it removes taxes.

I know right! these people have no Idea how hard it is to develop a country or how to maintain it. they just think up of an idea and think it will work out.

[vixcious]

The government not only uses citizens' tax money to provide retirement pensions to retirees, they also have to build infrastructure, upgrade roads and do a lot of political stuff.
deflationary gaps will not bring too much money to the government so they can build the infrastructure.
Besides, the fact that many governments hold the same coins, they also face the problem of manipulation of institutions.
There are too many problems in this idea that need to be addressed.

[nightxglow]

Actually i can't really get what you're saying, it's really complicated for me to understand. But i don't agree with taxless society. Because i've experienced it that, even with such strict tax regulations, many people still find a way to manipulate their tax and even not pay them at all. And the government's budget is most likely always, if not often deficit because not many people pay tax, when it's the biggest income for our country. It will be hard for the government to fund everything, and what you stated above, i don't think it might work or will be any help. And also, it'll be hard for some people to accept changes, not to mention a country. It will take such a big effort and also time. And there's even no guarantee that it will work, or even better than today's tax system.

[barbara44]

You may not have a tax free world but you can certainly drop the tax rates a lot, you may just let the world be what it is and just not interfere with anything. How would a government make money? They can build roads, hospitals, do the governmental branch work for money like you get a drivers license but pay a ton of money for it, you get a new birth certificate but pay a lot for it, basically run the government like a business instead of doing free stuff and get it funded by taxes, so the people who need to do something about the government is actually the ones that pay for it and the ones that do not use government related stuff too much won't have to pay at all.

However, this creates a bigger wealth gap that poor will have hard time surviving since they need the help of our taxes to be able to live their lives.

[yoseph]

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

I doubt it, not when we still have the government.
Even math can't help much here.
State governments live on tax, without tax a country won't be up to standard and guess what, the people will complain.
The only thing agreeable here is a transparent system for tax payment. This is where blockchain can come to play, if there is true transparency, every tax issued won't be as highly charged as it is now.

And when it comes to transparency with how the taxes the people pay are going to be used then we should just forget it because it's not going to happen.

[BitunaTeam]

I see that many people here have not realized the point of my idea.

My taxless society idea is not about to stop financing common interest (roads, healthcare...) (see my first post).

I just want things to be sorted out so that the government takes FULL RESPONSIBILITY for financing common interest.

Financing common interest is a government task, but with almost no responsibility and with already proven large manipulation of public money with no consequences.

Central banks are already have a task to control and regulate inflation rates within the monetary area in which it operates.
This task obliges the central bank to limit the impact of inflation on economic activity in the country.
It does with the formation of base interest rates, which affects the level of market interest rates in commercial banks.

Goverments already plans a state budget for 1 year in further.
Tax money goes to the state budget.
We now have the situation that if the state budget is filled more than necessary it is only in the next period of time that taxes are reduced or if they reduced, which is UNFAIR for the real business sector.

Ideally, taxes should be reduced or enlarged in real time.
Also for real transparency and against corruption from politicians every state budget and transactions from that budget should be publicly available on a permanent blockchain record for all citizens.

With my idea and with math help, inflation can be controlled and value of money would remain the same with the same monetary policy, only the way of financing common interest will changes (Goverment will take FULL RESPONSIBILITY with careful budget planning) and the real business sector will get true freedom without repercussions to the common interest.

Financing common interests and salaries would be directly from emission of digital currency with time limited usage period instead from collected taxes.

Because inflationary digital currency would have a time limit usage, some people would try to spend that money before expiration (the economy is growing) and others would turn it into a form of political and trade wars independent savings (bitcoin, gold ...).

Governments will not lose control (they will get more control on state budget).
Governments can still control businesses with penalties for ilicit activity.

Coruption will be less because of transparency state budget on blockchain and goverment will take FULL RESPONSIBILITY for planing and control state budget and in cooperation with central bank to keep normal inflation rate.

Goverment will also not have to worry about tax invasion.