Quote:
Originally Posted by opendoor
I suspect there's a reason that there isn't a single (correct me if I'm wrong) industrialized country that relies primarily on consumption/excise taxes for revenue.
Portugal and New Zealand are the highest (38-39% of tax revenue), but Canada is already at about 23-24%, so getting to that level would only replace about 1/3rd of personal income tax revenue.
|
Well it could be that a pure consumption tax is unrealistic, but there are plenty of examples of countries that rely on higher consumption taxes for their funding.
Quote:
Originally Posted by iggy_oi
Even the ones who don’t pay any income tax because they earn below the minimum income required? I’m gonna give you the benefit of doubt and assume you forgot about them before making that comment, otherwise we’ll have to start questioning how good the financial advice you give people for a living really is  |
This post is a great example of why I ignore 95% of your drivel.