Gambling Income Tax

Any redistribution of wealth is in the form of the equivalent of tax and social security. However, you must be careful. taxation schemes incorrectly can cause less wealth for you. You see, by reading this site I guess you're poor or middle class who want to skyrocket your income, right. Rich owns a lot of money means. If you're poor and do not want to become rich, you need to have a lot of income. So will the income tax? No! abolish income tax.

The Danger of the Income Tax

Income tax may exaggerate the difference between rich and can cause great differences meritocracy. Income tax can be very unfair and bad for workers.

Think of it this way. Imagine a country where you live. Suppose your friend Bob has an employee Ann. Bob is a rich man, because he has a lot of agricultural land it uses as a recreation center. Ann works for Bob as farm labor. You work productively by serving the market through various means.

Bob earns his land by inheritance from his ancestors. His ancestors are gaining ground and massacred Indians and the seizure of their land. Does not exactly productive to acquire wealth, but for all legal purposes, the land of Bob is his.

The market tends to reduce the effects of injustice. A lazy stupid person possess a wealth lost in the game table while the intelligent and diligent worker will be many capitalists willing to lend money to him. So I'm not going to be worth much more injustice than 300 years.

It is simply a natural order that the most capable and collects more money than it takes skill to commit genocide, I must admit. In addition, people often earn much money unproductive due to the failure of society to adopt meritocracy. If the rule says you have to bribe or to be a dictator to become rich, can you blame people get there? So in a very twisted sense, it is fair.

Nevertheless, I look more kindly on the rich capitalist recently gained merit in the own life rather than wealth obtained by inheritance. This is rather dubious.

Now, it would tax income at this injustice? Income tax will not exaggerate. You, as workers who are serving the will of the market will pay tax on income. The money used to pay subsidies for agricultural products. The politicians say it benefits Ann. T it? No. Ann is a farm laborer. The market value of all the work is constant throughout the industry. If Ann is paid less money than farm work, Ann will move work to a service industry.

Thus, the subsidy does not benefit Ann. Then, profits? Bob ... You see how the combination of taxes and subsidies from governments controlled take money from you, the working poor again, and give money away to the land owner rich people?

The perils of tax on income and over again. You earn money honestly. Your friend is lazy. Say that you are both poor. Who pays more taxes? You. That's because you have more income. The pretext is to take money from the rich and give to the poor. But even if you are both poor and start with the same amount of money, you pay more tax. Who punishes the diligence and productivity.

Bob and say that you are just as rich. Bob built homes. You build factories. Who pays more taxes? You ... Why? This is because the plants produce income. The plants also create jobs. Thus, income tax reduces the incentive to use the wealth of means of production.

Increased government Fearsome Power

Income taxes give governments the power much more than what is originally planned. In the U.S., for example, governments have no power to know your financial transaction. However, governments can take your money through taxes and demand that you voluntarily report your financial transactions for tax returns.

The federal government has no authority to regulate certain aspects of e.