I am aware of hoarding and tax loopholes. Tax loopholes should be closed. I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.
The only reason there are tax loopholes is because there is a
tax system in the first place.
Remove the system, et voilà!
...
You guys are not only stupid but dangerous.
Without the tax system, there would be no country. The government can either collect taxes or go into debt.
Someone needs to pay YOUR bills.
You misunderstand me. I was not advocating of removing the tax system. I was merely point out the fact that tax loopholes only exist because a tax system exists in the first place.
However, before the 16th amendment was created, how do you think the government made money? Not through taxes, but mostly free trade. There are alternatives to taxes.
I misunderstood, I thought you wanted to remove the tax system.
Today, the government needs taxes and lots of them. The debt interest payments increase every year, not to mention spending and the size of the government. You know, building border walls, fighting wars that cannot be won, spending money on immigrants etc.
There is no way the government can survive without taxes. They barely survive with them.
The government could definitely survive without taxes. The government doesn't need taxes at all. The value of the dollar is what needs taxes. The dollar is not pegged to gold but instead, is indirectly pegged to the US economy through taxes. The IRS only accepts payment in US dollar which is why taxes create demand for the US dollar. Since taxes are proportional to economic activity, a bridge has been created between economic activity and demand for the dollar. That bridge is the IRS ability to collect taxes.
If we ended all taxes, the government would survive and could pay off all of its debt instantly anytime because the US government only owes debt in US dollars. The US government, wisely, does not owe debt in gold or any foreign currency or paying debt would be an actual issue.