How about this for a ‘fair’ taxation theory?

LasVegasPasses.com: How about this for a ‘fair’ taxation theory?
Keep in mind that this is purely for theory and entertainment purposes!

Rather than continuing with the burdensome labor of collecting taxes from the citizenry for the running of the Federal government, what if the Fed just printed the money that it needed for its operations?

Yes, we all know they do this anyway.

It seems to me that this would be the ultimate in ‘fair taxation’. As the currency was devalued and inflation went up, those that have the most in savings would automatically be taxed the highest, as their loss from a continually less valuable monetary savings would be the most.

Conversely, those who earn & have the least would be be taxed nearly nothing, as they are always ‘hand-to-mouth’, and never hold money long enough for it to devalue in their possession.

Inflation would be continual, and we would just have to adjust constantly.. shouldn’t be too hard with modern data processing. Why not? The dollar is really worthless as it stands now anyway.

Aside from the fed having no incentive whatsoever to ‘save’ funds anymore, it seems like it would be a rather ‘fair’ taxation system!

Gold hoarding would have to be illegalized again, of course.

And yes, I’m a big fan of Ben Franklin. (The MAN, not the bill!)

Answers and Views:

Answer by Liberal AssKicker
Fair = equal

Nothing more need be said.

Answer by William F
No tax is the only fair tax.

Answer by olin h
what would keep government spending in check — we would more then be taxed with inflation

Answer by Willis Jeffords
Sounds like what most dems practice anyway. You’re right to be joking about this since it would destroy any incentive for working.

Answer by tacotorch
A sales tax would be the fairest tax, the problem with any tax though is getting a government that can control spending, with all the meddleing around the world being the world police and all the welfare we are doomed to huge exhausting taxes.

Answer by catharsis
I just can’t support anything with the word “fair” in it’s title.

“Fair” is a purely subjective point of view, it cannot be applied from one individual to another except by force, so the idea of “fair” ends up being an injustice to someone.

The best definition of “fair” is this:

Life is fair once each year,
you go there,
you ride the rides,
and then you GO HOME. That’s fair!

Answer by Justin D
The way forward for America is the value added tax. It taxes consumption, not income, and generates enough revenue for all of social and defense spending needs.

Answer by Max Hoopla
Move to Zimbabwe. They do it that way there.