this post was submitted on 17 Sep 2023
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I mean I personally think income should be tax free up to a relatively high amount. Like 6 figures, minimum. You're giving up your time, in service of a business which itself is in service of society, you shouldn't have to subtract from your reward for that to give more. The business' taxes should be covering that.
We should be heavily taxing investments, the times when people don't actually do anything themselves but pay for things to be done, with the plan of getting money back and giving as little to those that actually did the work as possible. The business owner gives the minimum to their employees and takes all the excess for themselves.
What's needed is a sliding tax scale where employers benefit from giving out higher mean salaries, not median, such that employees and employers both together benefit from the success of the business. If you pay your employees better, up to or maybe a little above the average income, your business gets taxed less. That's the sort of government incentive we should be having.
This…is not a bad take. 🍻
Investments should be taxed little or zero till a certain income is produced from dividends. That’s how retired people live. That’s why certain stocks were called pensioner stocks.
Out whole tax system needs an overhaul. If a company was producing an economic advantage to the community and employees. I have no issue with them not paying taxes. We are getting it through the value they create.
The current model rewards taking from the community.