Quote:
Originally Posted by Will21st
Sorry,I disagree.
It's much better to tax consumption than work.After all,I'd like to see work and entrepeneurship being rewarded again in our beloved country. 15 % flat tax on all income,next to no benefits and 25% VAT,I could live with that!
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What about if things happen and you are forced to use the social security safety net that has been reduced to 'next to nothing'.
Smacking VAT up like that will reduce consumption. Reduced consumption means less jobs.
I'm as much for rewarding hard work as you are but for those on lower incomes the above system would hurt in a huge way. The social harm it would cause would be quite extensive and a balance has to be struck.