Post
Topic
Board Economics
Re: Taxless society idea
by
BitunaTeam
on 28/08/2019, 16:43:47 UTC
I see that many people here have not realized the point of my idea.

My taxless society idea is not about to stop financing common interest (roads, healthcare...) (see my first post).

I just want things to be sorted out so that the government takes FULL RESPONSIBILITY for financing common interest.

Financing common interest is a government task, but with almost no responsibility and with already proven large manipulation of public money with no consequences.

Central banks are already have a task to control and regulate inflation rates within the monetary area in which it operates.
This task obliges the central bank to limit the impact of inflation on economic activity in the country.
It does with the formation of base interest rates, which affects the level of market interest rates in commercial banks.

Goverments already plans a state budget for 1 year in further.
Tax money goes to the state budget.
We now have the situation that if the state budget is filled more than necessary it is only in the next period of time that taxes are reduced or if they reduced, which is UNFAIR for the real business sector.

Ideally, taxes should be reduced or enlarged in real time.
Also for real transparency and against corruption from politicians every state budget and transactions from that budget should be publicly available on a permanent blockchain record for all citizens.

With my idea and with math help, inflation can be controlled and value of money would remain the same with the same monetary policy, only the way of financing common interest will changes (Goverment will take FULL RESPONSIBILITY with careful budget planning) and the real business sector will get true freedom without repercussions to the common interest.

Financing common interests and salaries would be directly from emission of digital currency with time limited usage period instead from collected taxes.

Because inflationary digital currency would have a time limit usage, some people would try to spend that money before expiration (the economy is growing) and others would turn it into a form of political and trade wars independent savings (bitcoin, gold ...).

Governments will not lose control (they will get more control on state budget).
Governments can still control businesses with penalties for ilicit activity.

Coruption will be less because of transparency state budget on blockchain and goverment will take FULL RESPONSIBILITY for planing and control state budget and in cooperation with central bank to keep normal inflation rate.

Goverment will also not have to worry about tax invasion.