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freediver wrote on Apr 28 th, 2022 at 9:18pm: A transaction tax is a terrible idea because it is easily avoided. People's efforts to avoid the tax would skew the entire economy in unproductive ways. On top of that, industries with low margins or long supply chains would be curtailed or destroyed, as they would bear the brunt of the tax. This would further skew the economy in unproductive ways. On top of that, the tax would be extremely regressive, placing a far higher burden on the poor compared to the current tax regime. Yet some people support a transaction tax with a religious fervour that defies rational explanation. John for example appears to think that his support for a transaction tax requires no thought or explanation on his part until the flaws in it can be proven to him, which is a tough ask given his refusal to think about it. How do economically illiterate people get so attached to really bad ideas? freediver wrote on Apr 28 th, 2022 at 8:24pm: John Smith wrote on Apr 28 th, 2022 at 5:36pm: freediver wrote on Apr 27 th, 2022 at 8:47pm: Can you not think of any way people would change how they do things to avoid the tax? that is your argument, not mine. It's up to you to show us how. So far both your examples have failed miserably I know, maybe you can convince you know what you are talking about by saying I don't understand economics again ... so far that seems to be the main basis of your argument. I have shown you how. I was just wondering if you are capable of thinking for yourself. Can you think of any way people would change how they do things to avoid your transaction tax? John Smith wrote on Apr 28 th, 2022 at 9:01pm: freediver wrote on Apr 28 th, 2022 at 8:24pm: I have shown you how you haven't even come close to it. I shot down your suggestions without even trying. You'll have to do better than just repeating yourself if you want to convince anyone otherwise. freediver wrote on Apr 26 th, 2022 at 8:54pm: John Smith wrote on Apr 26 th, 2022 at 7:35pm: freediver wrote on Apr 26 th, 2022 at 6:05am: Good way to boost the cash economy Aussie it doesn't matter if they pay cash or use electronic. Take $100 out of your account to pay your plumber, thats a TRANSACTION ... you pay a tax. Pay him electronically ... a TRANSACTION. The plumber put the cash in his account. thats ANOTHER TRANSACTION. Or he doesn't put it in his account but rather spends it at Coles. There's ANOTHER TRANSACTION is it sinking in yet FD? Sure, it is sinking in how slow you are. What if the plumber uses the cash to pay his hairdresser instead of putting it into his bank account and then withdrawing it again when he wants to buy something? What if he never even opens a bank account? freediver wrote on Apr 26 th, 2022 at 8:54pm: Grappler Truth Teller Feller wrote on Apr 26 th, 2022 at 10:21am: freediver wrote on Apr 25 th, 2022 at 2:19pm: Quote:taxes are taxes, no matter how much lipstick you dress them up with Sure. But some work, and some are incredibly stupid ideas, no matter how much lipstick you dress them up with. Guess which one yours is? I can only provide you with the information John. I cannot force you to think for yourself. Quote:crap .... they cannot avoid the transaction. If anything it adds a transaction If a group of farmers enter into a coop with the pickers, a local packer, supermarket, transport service and whoever else is involved in the supply chain, where they simply split the income from the sale of their goods, it reduces all those transactions to one. How many times do you need me to explain it to you before you get it John? Every dollar from the split is taxed under that regime, so no profit is made from creating a cartel .... Have another try Grapps. It's only a terrible idea for those who have too much money & are averse to paying tax. If all PAYE tax was abolished on PAYE wages/salary tax payers & they paid a small tax on every transaction or on monies withdrawn from their accounts ..... there would be more money flowing throughout the community benefitting those with a bigger take home pay & the businesses they spend their money with. Here's a basic economic theory for you Fleadriver Money is made round to go round ...... not flat to stack.
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