Half a croissant, on a plate, with a sign in front of it saying '50c'
h a l f b a k e r y
I like this idea, only I think it should be run by the government.

idea: add, search, annotate, link, view, overview, recent, by name, random

meta: news, help, about, links, report a problem

account: browse anonymously, or get an account and write.

user:
pass:
register,


                                 

Taxation: Higher taxation of "extortionate income"

Discouraging forced non consensual activity by punitive taxation of "extortionate income."
  (-11)(-11)(-11)
(-11)
  [vote for,
against]

There are various classifications of income subject to various levels of taxation as with capital gains or the ingenious lengths people will go to avoid classifying their income as income at all. The other goal of the tax system is to promote or retard behavior deemed desirable or detrimental to society, respectively. Of course, there's a lot more to the tax code and regulations, don't get me started on stuff I don't have the wherewithall to hire lobbyists to bribe politicians to put in the tax code.

Let us start by defining a type of income to be called "extortionate income" or "EI". EI would be that income which is derived from nonconsentual activity between people. Examples of EI would be any compensation paid to anyone out of taxation receipts such as a government official's salary or benefits. This "forced share" is backed by the force wielded by the State in arresting and punishing those who don't pay taxes "voluntarily" . An extension of this concept would include all income derived from State sponsored and private monopolies as EI where citizens have no choice of product or price in whole or part but that prearranged without their consent. On the other hand, income derived from activity where both parties freely consented would continue to be taxed as "normal income." It may be that the profits of a transaction may yield both EI and NI each to be taxed accordingly.

Of course, high taxation of IE is not to say these nonconsentual activities could not continue, we are simply using social engineering to discourage them as we would discourage smoking or the purchase of beverage alcohol. "If you tax something, you get less of it. If you subsidize something, you get more of it." Naturally, no adjustments, deductions or bracketing should be allowed EI.

To be sure, there are objections that those enjoying extortionate income would simply act to raise the amounts paid them in order to afford the higher tax. This could be addressed over time by upward adjustment of the tax rates. Note that governments don't pay income tax but its agents and clients do. Some kind of income tax form check off could be enabled to allow those who think they consented to an instance of EI, increasing their individual tax liability, the aggregate of which would go to reducing the overall rate levied upon EI. Those revenues from the higher taxation of EI would, in turn, be applied to reducing the tax upon normal income to the extent that the EI tax exceeds that on NI.

daddyvortex, Aug 11 2015

UNCOVERING THE TRUTH http://wallstreetpl...covering-the-truth/
Here are some truth bombs from the 1%. Wake up, impoverished sheeple. [sninctown, Aug 11 2015]

Please log in.
If you're not logged in, you can see what this page looks like, but you will not be able to add anything.
Short name, e.g., Bob's Coffee
Destination URL. E.g., https://www.coffee.com/
Description (displayed with the short name and URL.)






       //Let us start by defining a type of income to be called "extortionate income" or "EI". EI would be that income which is derived from nonconsentual activity between people. Examples of EI would be any compensation paid to anyone out of taxation receipts.//   

       What?   

       So, for instance, you want to classify the salaries of the police, military or national-health doctors as IE?
MaxwellBuchanan, Aug 11 2015
  

       Also, in what possible sense is this a "Product: robot" ?
MaxwellBuchanan, Aug 11 2015
  

       Ranting or trolling, it's difficult to tell. Maybe just too much coffee.
normzone, Aug 11 2015
  

       Dude. Paying taxes is a great deal for me. I like having public services. Please set down your drug of choice and think about the life choices that have led you to this moment. The link I posted might help you do that.   

       You know what's non-consensual? That I have to die because people don't pay ENOUGH taxes to meaningfully fund medical research. Seriously, fixing aging probably would only cost a bit more than fixing Iraq. At least the ignorant voters will die with me.
sninctown, Aug 11 2015
  

       The whole idea description is a hot mess. I'm all for limiting governmental excess, and also think simplification of taxation systems is a good idea, but this is not how to do it. Punishing people because they currently work for the government is just stupid. Punish the government in the cases where they have people working unnecessarily, or inefficiently - not the people themselves.   

       The thing is, the aims of this will come about anyway - there's a whole heaping bunch of austerity coming our way no matter where you live. Unsustainable growth is exactly that. We can't forever live of tomorrow's paycheck.   

       //fixing aging probably would only cost a bit more than fixing Iraq// - Maybe, but it's one of the worst ideas I can think of. We have a current overpopulation problem, compounded with a looming overpopulation catastrophe. I'd be more than happy to fund global population control research - and certainly would prefer that to anti-aging research.
Custardguts, Aug 11 2015
  

       // it's one of the worst ideas I can think of. //   

       OKOK most people agree with you. I signed up to get frozen because it was the least bad of some terrible options.
sninctown, Aug 11 2015
  

       Taxation levels are at the lowest level they've been for years.
RayfordSteele, Aug 12 2015
  

       //Maybe, but it's one of the worst ideas I can think of. We have a current overpopulation problem//   

       Actually, if you do the maths, you will discover that that is a silly argument. If everyone (and I mean *everyone*) today had their life expectancy doubled, and if they had the same number of kids as they would have done, the impact on global population is quite small compared to other factors.
MaxwellBuchanan, Aug 12 2015
  

       The current tax system is a complete mess, but the are really easy ways to fix it by combining a single rate with vat.   

       And [snictown] Brin will get you immortality much faster than your tax dollars
theircompetitor, Aug 12 2015
  

       As Groucho Marx might say, "Securities brokers of the world, unite ! You have nothing to lose but your bonds ..."
8th of 7, Aug 12 2015
  

       I'm pretty certain that your analysis includes a very large fudge-factor that is composed entirely of something else of a similar color, Max.
RayfordSteele, Aug 14 2015
  

       Nope.
MaxwellBuchanan, Aug 15 2015
  

       I find it amusing (or not) when somebody drops in, posts an idea, is challenged regarding that idea or it's peripherals, then does not respond to annos.   

       That says something about the poster.
normzone, Aug 15 2015
  

       It may indicate that they have been run over by a bus, been ravaged by Guatemalan spinney-worms, or been selectively raptured, shortly after posting.   

       However, given that this has happened several times, it seems unlikely.
MaxwellBuchanan, Aug 16 2015
  

       Nobody has the mineral to point out that a higher tax on government workers would be paid to the government which would pour it back into a compensatory higher salary for government workers? You can't rob yourself by moving money from your wallet into your pocket.
WcW, Aug 16 2015
  


 

back: main index

business  computer  culture  fashion  food  halfbakery  home  other  product  public  science  sport  vehicle