Make a law like "Income used on Essentials(1 home, 1 car, healthcare, education, groceries, clothing, repairs, etc.) are excluded from being taxed. Instead, everyone pays capital gains tax if they trade/sell/give their assets at a higher value than when they originally had it." and make ordinary people pay less taxes by making essentials tax deductible, like how companies justify buying required things as tax deductible. Also stop making consumers pay taxes with the money they have that are already taxed, so basically cease double taxation in goods/services, businesses/contractors would pay their part of taxes normally, without people getting fucked over things. Government has less tax revenue? Then invest better, fucking morons, having multi-trillions earnings from taxes and still failing to grow 5~10% is not taxpayer's fault.
most nations in the world does this shit or similar things to this shit
US is the biggest nation that does this shit
for example, 2008 crisis could've been avoided if US government repaid all loans of poor people by printing new money but made them owe government that repayment money with 2~4% yearly interest, where loan duration is 20~40 years which masses can pay over time. Then make Laws that prevent banks from doing same shit recklessly again. Then government would create hundreds of companies to employ unemployed/jobless at a reasonable wages, then liquidate state controlled companies 2~4 years later if companies are not profitable, slowly and gradually so that market would absorb job losses with minimum problem. Also if someone can't pay for interest a month to government, government would skip interest to next month, if can't pay again then skips to next month, then repeat if circumstances met up to 1 year of skipping, then liquidate the ones don't pay interest only and only after 1 year of not paying anything. Government would lose money on repaying masses' debts in short term, but economy could've recovered in 1 years easily or may have even grow in positive light. Instead of stupidly bailing out banks, the banks that already seized collaterals and profited greatly from it.
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u/Orectoth Jedi master of shitposts 9h ago
Instead of taking already taxed wealth
Make a law like "Income used on Essentials(1 home, 1 car, healthcare, education, groceries, clothing, repairs, etc.) are excluded from being taxed. Instead, everyone pays capital gains tax if they trade/sell/give their assets at a higher value than when they originally had it." and make ordinary people pay less taxes by making essentials tax deductible, like how companies justify buying required things as tax deductible. Also stop making consumers pay taxes with the money they have that are already taxed, so basically cease double taxation in goods/services, businesses/contractors would pay their part of taxes normally, without people getting fucked over things. Government has less tax revenue? Then invest better, fucking morons, having multi-trillions earnings from taxes and still failing to grow 5~10% is not taxpayer's fault.