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Originally Posted by the_only_turek_fan
For the record.........I believe in strong social services up to a certain limit.
As for the OP by Mathgod I do agree that it is wrong that billionaires pay no tax. That is plain wrong.
1. Most loopholes need to be eliminated.
2. Take that revenue and lower PIT/CIT rates.
3. Increase the GST so you broaden your tax base.
My big issue with all of this is that everyone wants more social services and have other people pay for it.
I think if we want robust and fair public services it has to be funded by everyone and accessible to everyone.
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I agree with everything that you are saying, but I have a few comments:
1) We all agree that billionaires should pay more tax, but I have yet to see anyone present anything that would have any impact on this whatsoever.
2) There are actually very few loopholes. There are ways to defer tax (most of which are quite reasonable), but there are actually very few ways to avoid it
3) Sales tax is good, because everyone pays it and it can't be avoided. But let's be clear about this: sales tax is a tax on the middle class, not on the rich. Sales tax will have zero impact on the ultra-rich, and very little impact on the rich, because the wealthy spend a significant portion of their money out of country.
Sales tax is a tax on the middle class (assuming that essentials, like food are exempt, so that it isn't also a tax on the poor).