Topic: Taxless society idea - page 15. (Read 2964 times)

right . i heard somewhere that there are now  countries that are now taxing cryptos this is good because tax are helpful to one's economy but this does not mean that cryptos are being promoted or will now become a mainstream payment gateway . taxless society is i think not really possible at all  but its possible for some people to not pay for thier tax especially if they are really poor  , thats what i understand about how taxing works  .

You maje your point but everything which is used as a medium exchange of value ought to be taxable and if we want cryptocurrency to be the mainstream of payment there's nothing bad in paying tax since some government gradually support Bitcoin.

Back to the OP question, I don't support your idea because excess fiat printed was also among what causes inflation.

Money is already divided but today that is happens on the end (when you purchase something).
If you are merchant, when you sell some product you add VAT - Value Added Tax on your product price.
In that moment, you divide money on your earning and state income earning.
That tax is BACK to state income (Nothing special).

All money spent from the state budget has predetermined reasons for what is spent in next fiscal year.
Included average population growth, funds for possible natural disasters, etc.

With my idea we only change time when money is divided and the side that does.
The goods and services will get a clean price.
Price forming is already a free decision from merchants.
For me this is just technical and mathematical problem.
Transparent blockchain technology can realy help for realize this.
Governments will not lose control they can still control businesses with penalties for ilicit activity.

I have not write anywhere that cryptocurrency will replace the national currencies.
We can still use cryptocurrencies in combination with national currencies.

Deflationary currency does not jeopardize inflationary currency like dollar, euro....

I'm not supporting whether taxing can go off or not but looking at the above, remember we have private hospitals and different sectors of life are now managed by the private sector. Government will not totally hands off because, the fact that there is government is the reason that laws, rules and regulation control people's desires. Hence, if we don't have government, life will go back to being brutish.

So everyone should be independent on their economical status and needs? Highly impossible though because things like health care or other infrastructure given by the governments are not possible to be done with the personal that is why tax system made.There are lot of corruptions on the taxes but still that thing managing the humanity to be working under some rule.

This is from some point of view not possible. Every society have his own politic and culture for example. Another thing to mentioned here tax is pay to state/government for one reason. That tax is to be used in next fiscal year to improve this/that society. That money is used by all soft of department in following year to improve everything in that/this state.

Without this tax nothing can work or function. If this is to be stopped then it could bring to global disaster or even worse. Tax is something that we use in some part of the life. When there is fire you will call fire department to put that fire down. This is one of many examples that tax money is distributed, also its for creating roads railways ..... Many thing are created from this tax money, also there are bad usage or better said misused fund.

Unfortunately this is how thing go around the globe. Sadly this is good idea or maybe good proposal but this is something hard to accomplish even on paper.

That happened because the government had not legalized it, but if it was stipulated in the law, I think the government would look for loopholes to get state revenue, namely taxes. I don't think the country can prosper without a lot of state income. Even the developed countries have the largest tax revenue sector, but at present cryptocurrency has no tax levied

A taxless society could work since the money can come from peoples shares/tokens in different companies. So there will be enough people to build roads and hospitals and things like that since the tax money people would ordinarily spend on giving to the government they would have the power where to buy tokens from and what to support. Even make a profit off of it.

Tax evasion is a common problem and if we say in general the government is easily viewed as inefficient in every task it performs and this forms a cost as well.  The best solution that I've heard of for this continual problem is the universal basic income where all citizens receive a very basic wage from the state regardless of their other factors or job income or assets or circumstances.   Then the tax extracted is mostly via a sales tax or scalable % based on non essential goods.   People who spend money to carry on living such as food should not be taxed as its not an optional activity but its fairly justifiable to tax luxury goods to service the state.   
   Also a direct tax like this makes the expenditure of the government far more clear as a burden upon the nation and the people.   This is an important feedback effect that should help control some of the endless spending and inefficiency in the government.


This is the status quo, its already true that governments are financing themselves by over producing currency and handing it to themselves via low interest debt.    The main reason this is a problem is it leads to confusion and distortion of the economy.   There is a negative and a cost to destabilizing the value of the nations currency, it will cause inefficiency and instability which is hard to measure but causes the risk of bubbles and crashes in asset prices from overly loose monetary policy.

Each pool people think controls a large chunk of Bitcoin's network, consists of thousands of smaller miners pointing their hashrate to them. It's not as centralized as it may seem by looking at the pie charts of the hashrate distribution.

Positive development is that there have been various proposals to further decentralize the network further by for example allowing the individual miners to choose which transactions they mine instead of the pool operator.

Even you as smaller miner with just a few thousand dollar worth of equipment will be able to contribute. Isn't that something to look forward to? We're here for the same reason, which is to see Bitcoin succeed.

Govt currency acceptance is easily done. People need to pay a lot of money to govt, so, it has acceptance. People are forced to accept it. However, there's some exception as well. Look at Zimbabwe. Because of the inflation, govt decide to introduce new currency which also face the same. They weren't accepted by the people.
Govt can't print money if they need to fund expenditure. Money printing can affect the economy widely. For ex, if govt print more money than M0 (I'm not certain what's the denomination), economy will face a significant inflation.

Too much complicate for me and very much unreal
Divide money in two categories will not work
There is also no global money Countries has his own currencies and it has to stay like that because national currency is root of independence
Crypto is still not so much used like a money and  crypto is still too young and very much controlled by miners
Crypto can't replace fiat and national currencies
By my opinion best way for crypto is to stay like a alternative money

You still do not read with the understanding the essential point of my idea.

When you pay taxes, your taxes just go to state budget for financing community interest. Nothing special happens.
That money should be spend for community interest.
With my idea, the way for fill state budget is just changing to goverment side.
Briefly:
My idea is to Goverment fill and spend state budget transparently with FULL RESPONSIBILITY.
Inflation can be cotroled with limited time usage digital currency from moment when you receive salary in that currency (example 1 year).
And this can be achieved easly with public blockchain.

Taxless society? Are you kidding? Let's forget bitcoin for a while and discuss.
Taxless society means no income from society which means no money is made from them. Now I want to remind you greatest scientist Nikola Tesla. Do you know that he was able to provide wireless electricity but this invention didn't find success because of commercial interests? Imagine how great it would be, how cost effective to receive electricity wireleslly without cables but no, it's not profitable for profit looking monsters who will never be able to spend that money during life but still can' get satisfied.
What about if we humans were pieceful creatures? We spend a lot, really a lot of money in military and for what? Why? Because we can't stand in piece and everytime we have to be ready for war.

I see that many people here have not realized the point of my idea.

My taxless society idea is not about to stop financing common interest (roads, healthcare...) (see my first post).

I just want things to be sorted out so that the government takes FULL RESPONSIBILITY for financing common interest.

Financing common interest is a government task, but with almost no responsibility and with already proven large manipulation of public money with no consequences.

Central banks are already have a task to control and regulate inflation rates within the monetary area in which it operates.
This task obliges the central bank to limit the impact of inflation on economic activity in the country.
It does with the formation of base interest rates, which affects the level of market interest rates in commercial banks.

Goverments already plans a state budget for 1 year in further.
Tax money goes to the state budget.
We now have the situation that if the state budget is filled more than necessary it is only in the next period of time that taxes are reduced or if they reduced, which is UNFAIR for the real business sector.

Ideally, taxes should be reduced or enlarged in real time.
Also for real transparency and against corruption from politicians every state budget and transactions from that budget should be publicly available on a permanent blockchain record for all citizens.

With my idea and with math help, inflation can be controlled and value of money would remain the same with the same monetary policy, only the way of financing common interest will changes (Goverment will take FULL RESPONSIBILITY with careful budget planning) and the real business sector will get true freedom without repercussions to the common interest.

Financing common interests and salaries would be directly from emission of digital currency with time limited usage period instead from collected taxes.

Because inflationary digital currency would have a time limit usage, some people would try to spend that money before expiration (the economy is growing) and others would turn it into a form of political and trade wars independent savings (bitcoin, gold ...).

Governments will not lose control (they will get more control on state budget).
Governments can still control businesses with penalties for ilicit activity.

Coruption will be less because of transparency state budget on blockchain and goverment will take FULL RESPONSIBILITY for planing and control state budget and in cooperation with central bank to keep normal inflation rate.

Goverment will also not have to worry about tax invasion.

And when it comes to transparency with how the taxes the people pay are going to be used then we should just forget it because it's not going to happen.

You may not have a tax free world but you can certainly drop the tax rates a lot, you may just let the world be what it is and just not interfere with anything. How would a government make money? They can build roads, hospitals, do the governmental branch work for money like you get a drivers license but pay a ton of money for it, you get a new birth certificate but pay a lot for it, basically run the government like a business instead of doing free stuff and get it funded by taxes, so the people who need to do something about the government is actually the ones that pay for it and the ones that do not use government related stuff too much won't have to pay at all.

However, this creates a bigger wealth gap that poor will have hard time surviving since they need the help of our taxes to be able to live their lives.

Actually i can't really get what you're saying, it's really complicated for me to understand. But i don't agree with taxless society. Because i've experienced it that, even with such strict tax regulations, many people still find a way to manipulate their tax and even not pay them at all. And the government's budget is most likely always, if not often deficit because not many people pay tax, when it's the biggest income for our country. It will be hard for the government to fund everything, and what you stated above, i don't think it might work or will be any help. And also, it'll be hard for some people to accept changes, not to mention a country. It will take such a big effort and also time. And there's even no guarantee that it will work, or even better than today's tax system.

The government not only uses citizens' tax money to provide retirement pensions to retirees, they also have to build infrastructure, upgrade roads and do a lot of political stuff.
deflationary gaps will not bring too much money to the government so they can build the infrastructure.
Besides, the fact that many governments hold the same coins, they also face the problem of manipulation of institutions.
There are too many problems in this idea that need to be addressed.

I know right! these people have no Idea how hard it is to develop a country or how to maintain it. they just think up of an idea and think it will work out.