Taxless society idea

[BitunaTeam]

"the Republic of the Marshall Islands has used the US dollar as money. Today we are progressing with our plan to issue a sovereign currency in digital form – using blockchain technology.
...
Our money supply will grow at a sustainable 4% each year, following Milton Friedman’s k% rule. New SOV will be automatically distributed to the currency holders and the decentralized entities securing the network. THIS MEANS THAT WE IN GOVERNMENT CANNOT MODIFY THE MONEY SUPPLY, AND WE CANNOT MANIPULATE THE VALUE OF OUR CURRENCY BY PRINTING MORE MONEY."

Source:
https://www.coindesk.com/why-the-marshall-islands-is-issuing-its-own-cryptocurrency


This is how all states should do and my idea would be achievable.

[guoyu78]

I think this is the great idea. If anyone pay income tax the. This is the responsibility of government don't pay any tax to that guy like food, on shopping etc.  In India this is a huge problem..

There are already established systems in many countries that can understand who pays taxes and who doesn't.
It is about corruption which government doesn't make the necessary checks and provide services for "free" to those who don't pay taxes at all...

Taxation is many countries differs, we have some very high developed countries that pays tax virtually on everything., although they are highly developed, but the burden of tax on most of their citizens is highly expensive and sometime could be unbearable for them, if as they were even paying heavy tax, the government is not corrupt and not milking their tax, they would still have been encourage to continue to do it for the love of their country, but many of the government offices are corrupt that they are the ones that mostly eat the tax that those people pay.

In my own country, our own tax is still quite flexible, but development rate is very slow, and this is why we cannot overrule tax at all, if our taxes was on everything, I am sure our development would have been more than this.

[atjiat]

One way or another, I believe that taxation in the state should be, because all state structures exist at the expense of taxes.  But at the same time, most of the taxes that fall into the state budget must be paid by entrepreneurs and enterprises, and not by a simple citizen.  In any case, all taxes should remain in local budgets.

[coolcoinz]

One way or another, I believe that taxation in the state should be, because all state structures exist at the expense of taxes.  But at the same time, most of the taxes that fall into the state budget must be paid by entrepreneurs and enterprises, and not by a simple citizen.  In any case, all taxes should remain in local budgets.

You're blindly repeating the mantra that the government is putting in your mind through media and compulsory education. Taxation is a very wide subject and there's a saying that the more you have the more you spend. Spending a lot and wasting money is where most governments excel and if you cut some of their tax money flow it wouldn't make them disappear, but make them rethink some policies.

[STT]

I dont see that government has to be the one who builds a bridge, it can be financed privately and operated by toll charges.   This has worked for hundreds of years and did not prevent the industrial revolution and general society advancement   Theres no rule that has government doing this job best, that is determined by the people around that bridge and its users.  
   We could say the government has the place of maintaining law and order, that the bridge must be operated safely and fairly for society to benefit from even private operation.   All of modern society has a fairly large bias towards the left wing thinking of large government and enforced operation by government.   The problem is governments are inefficient, we do better as a society to have a mix of solutions and a free market that promotes efficiency and even profitability.   Governments typically lose money constantly, are not profitable or efficient hence I do not want large government as it costs me alot.  

   When we get failed government, I do not want my nation to fail also.   Politics is a dirty business often and full of large egos of people who speak too long too often and say little of use compared to plain industry which is productive and useful or fails and costs those who had backed it only, not an entire country.
   Look at Venezuela as a warning if we can do that much, those people who suffer there did not do so in vain but as an example to save us all from loss.     Venezuela dominates their industry, their people and country as an entire asset all is controlled by politics, the military and ultimately it falls to violence and the threat of a massive government crushes the people.  
   The largest greatest fastest growth and most resilient the world over comes from the smallest people and operations in an economy, Bitcoin as a tiny resource should always respect the smallest holders and I hope it will benefit all economies in world trade because of that.

[NavI_027]

One way or another, I believe that taxation in the state should be, because all state structures exist at the expense of taxes.  But at the same time, most of the taxes that fall into the state budget must be paid by entrepreneurs and enterprises, and not by a simple citizen.  In any case, all taxes should remain in local budgets.

I do believe in the same thing, tax is not so harmful than what you think because this is the main source of budget of our government. Who needs a taxless country? IMHO no one as long as there's no anomaly happening! What we need the most are public servants which have outstanding credibilities and don't have bad intentions, these kind of officials are what we need for handling such huge funds and not those corrupt ones. But the problem is how can we assure that a certain official cannot be blinded by money? Well, I hope they must first undergo extreme tests like secret orgs. do when picking their secret agents — only the purest will remain.

[bryant.coleman]

In many countries, if you combine the direct and indirect taxes, they take away 50% to 75% of the net income. I am currently paying close to 30% of my income as personal income tax, and a similar amount in the form of various indirect taxes such as GST and VAT. And after contributing for so much, what I am getting in return? None of the taxpayers would be complaining if the tax revenue is being spent on productive activities.

Rather than spending the tax collections on infrastructure development, education and healthcare, many of the governments around the world wastes them on freebies and bureaucratic expenses. This is counter-productive, as effectively you are taking money from the hard working people and then distributing it to the lazy welfare rats. It discourages people to work hard.

[Polo7]

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.

Taxless, Right look at the Examples:
Monaco_Rich People, Even workers who serve rich People Get Good salary. (The little% saved by Not paying taxes goes to workers from rich)

Now Other Example: Finland and Norway they have heavy taxes.
But Country is well developed government have strong social security system.


Now look at the countries where taxes are not high and not low, they have problems!


So the best way is either no Taxes at all or high taxes like Finland.


You look at the countries like Moldova, ukraine... Baltic countries, those countries the tax is not high but its not low... Its something between, Are they doing fine?  No! 

If the taxes are high then the government must be strong to make sure the tax payers money goes for benefits of citizens!


Me personally will prefer no taxes, we should privatize everything  just   Some% for insurance funding in Case Something goes Wrong the all Country have insurance!

If something is privatized it means someone will have responsebility When someone have responsebility its a thing what Can be Functional.


When Everything is owned by Everybody then nobody will not care about Nothing nobody seems to not have responsebility/liability so that Kind of system Can not last long!

[Ozero]

Our society and obligatory fees to finance its common needs have been formed over millennia. With the advent of cryptocurrency, nothing changes in this matter. Cryptocurrency can not do anything new to optimize taxation in the state. Since this activity brings cryptocurrency holders a certain income, it is subject to taxation on a common basis in accordance with the established rules.
We can’t live in a society and do without mandatory tax fees, that is, a tax-free society is impossible.

[leexhin]

I can't get what you are trying to impose, tax is the source of many. We can't live with our own hands at our own expense taxation is the blood of the government to work, its community projects, government employees even the road you drive is product of taxation. There will be substantial deficits if we don't have taxes and worst case scenario there will be more crimes.

[Greed Dev]

Maybe your idea is great, but I still can't understand it. Taxes are a government revenue and expenditure operating in a country and tax exemptions are unlikely. A tax-free society happens when the government meets all the basic needs of citizens, but even if the richest economy still cannot meet the needs of the people, cryptocurrency is born and thrives is a great thing for our future but it's not a solution. Taxes are an important part of every nation, and without that social taxation hardly exists.

[Linkkoin]

Maybe your idea is great, but I still can't understand it. Taxes are a government revenue and expenditure operating in a country and tax exemptions are unlikely. A tax-free society happens when the government meets all the basic needs of citizens, but even if the richest economy still cannot meet the needs of the people, cryptocurrency is born and thrives is a great thing for our future but it's not a solution. Taxes are an important part of every nation, and without that social taxation hardly exists.

The only way the State could avoid taxes as far as possible goes back to the feudalism idea of the monopoly of specific services/goods, so then the revenues were a huge part of the budget. 

[Vishnu.Reang]

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.

I agree. A better idea would be to remove the direct taxes (income tax, corporate tax.etc) and replace them with higher indirect taxes (Value Added Tax, Goods and Service Tax.etc). This will make sure that the richest category can't use loopholes to avoid paying taxes. Also, the tax base will cover the entire population, rather than those who earn above a certain threshold.

[teosanru]

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?

This is not only complicated but pretty foolish too. If we have two currencies among which one of them is inflationary and other is deflationary. What people will do is hoard the deflationary currency which means they will immediately convert their receipt into bitcoin, litecoin which would make the inflationary currency value rip apart to rock bottom. Everyday the exchange rate would increase and increase. Moreover, this is hypothetical situation as if the private sector is paid by the clients in deflationary currency how would they pay their stakeholders in inflationary money?? Community Interest too would not get any funding as the inflationary currency would take a large dip every other day. So this idea is absolute rubbish.

[doomistake]

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.

I agree with this, the taxes that we are paying plays a huge role in our everyday lives, without it, there would be no hospitals, public transportations, malls, markets, and so on. The taxes makes this society alive everyday, it is kind sad since we all see tax as a not so needed thing in our daily lives, that is why some of us are refusing to pay it even if we are obligated to do so.

Even if we will have a cashless society, there will be still taxes which is the transaction fee of every transaction that we are going to make when we are paying someone or buying something. It is all about give and take to make everything works perfectly.

[micher143]

simply using bitcoin is taxless, so I think that is enough. Bitcoin is decentralized and the Government can't keep a record into your crypto holdings so you don't need to pay tax at all. we just need a mass adoption to became a cashless society.

[darewaller]

Our society and obligatory fees to finance its common needs have been formed over millennia. With the advent of cryptocurrency, nothing changes in this matter. Cryptocurrency can not do anything new to optimize taxation in the state. Since this activity brings cryptocurrency holders a certain income, it is subject to taxation on a common basis in accordance with the established rules.
We can’t live in a society and do without mandatory tax fees, that is, a tax-free society is impossible.

Government are really interested so much in this cryptocurrency trading because of the tax involved and the money that they can get, the united states is already doing everything possible to regulate all exchanges, and then be able to have access to some data that will enable them to tax the traders.

The United Kingdom is also doing exactly same as US is doing too and I must confess to you that I am not really against that because as a citizen, we also have our own obligation if we really want to see our country continue to move forward. I don’t see much reason why people should be evading tax when they are earning because of the infrastructures and something that the government of the country has already put in place for such citizen.

[marcuslong]

I think it's not possible to have a taxless society. Tax of the society helps our community to build a project to help our community to grow.

If this Taxless Society Idea will happen if there is no government in your country. And that's impossible.

[magneto]

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).

Why would there be any reason for anyone to hold or use the inflationary money issued by central banks in your hypothetical scenario?

The classic economic theory of "good money drives out bad money" can be applied here. Financing collective interests from your hypothetical inflationary money base is just going to make the demand for these funds go to zero. Everyone is going to rush to the decentralised, deflationary alternative, and no one is going to use the inflationary one at all.

So no, the whole system is going to implode on itself.

I don't think that taxation itself is something that needs to be rid of, but rather unfair, and double taxation, especially in the treatment of cryptos.

[Silberman]

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?

The problem with the system that you are proposing is that one of the main characteristics of money must be to be a store of value, this is the main reason why the fiat system that is currently in place is failing and it will be the main reason why gold will probably make a comeback and bitcoin will grow exponentially, but in your system not only you have some sort of fiat but that fiat will stop having value after a certain amount of time so no one will want to hold it or to keep it for longer than necessary.