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RE: A Brief History of Taxes, Fiat money and The Chinese Proto-Socialist Emperor Who Ruined his Country waaay Before Marx was a Thing

in #economy6 years ago

that's why I favor a consumption tax on new items with a universal prebate to make it non regressive.
We should tax things more we want less of, like vice. conversely we should tax things less we want there to be more of, like income.

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It's tricky to decide which things are needed less. Personally I'd say "things that can potentially hurt" be considered for this "vice" tax. So drugs, liquor, smokes, weapons can be put in the list. These things do not break the NAP but can potentially lead to or aid the violation of NAP.

those things all create externalized societal costs so it makes sense to have users pay those, except guns. Legal guns save society money. They should be tax free.

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