Quote:
Originally Posted by SebC
That sounds terrible. First of, it would have the same artificial favouring of vertically integrated companies (i.e., the rich get richer) that a straight sales tax does (as opposed to a value-added tax).
There's such thing as an optimal tax mix. It's hard to determine exactly, but generally, it's higher consumption taxes and lower income taxes (hence why Harper's GST cut was absolutely assinine).
The tax you support may be simple, but it isn't optimal.
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The rich would actually pay this tax. Every transaction, every stock trade, every purchase, the more you play, the more you pay.