Topic: Taxless society idea - page 3. (Read 2932 times)

But there is a way to escape tax, or more like, there is a way to manipulate how you pay tax to absolutely nothing. Disclaimer, research by your own risk.

The problem here is that the tax we ought to pay does not give the expected result from the government, that's why people complain about it. But it's also not good to just remove the tax, possible, but it isn't right--to the governing perspective (tho I don't know anything about politics).

Taxes don't really unite the people and the government. The definition of tax (read) is: People pay taxes to the Government to serve the people. But now it turns out to be: People pay taxes to the Government to manipulate the people to pay more taxes.

And what is there to watch. Today, many traders and investors live in an unsecured society and this does not interfere with human development.

It may be technically impossible for now

But from an economic point of view, taxes are not a thing unto itself (read, they are utilitarian), and something which can be implemented in different ways. Taxes are the payment that some or all members of society have to pay for public services which should be equally available to all members of this society (like roads, education, etc)

And it just happens that a government levies and collects these taxes (that's basically why these mandatory payments are called taxes in the first place). In other words, if we can remove the government from the equation without affecting the financial support for the public good, we won't need taxes as we currently perceive them

Developed countries certainly have a large tax revenue, and the money is managed for the country's progress. if cryptocurrency is legalized throughout the world, I think tax regulations will be established, even though we don't know yet what it looks like. and the government certainly does not want their tax revenues to decline

I do agree, it will not work.

Without tax there will be a lot of chaos since there will be no money to be used on project to help the poor, to improve the country, just imagine how bad a country is without tax. It is favorable for people who have big business and they can take their profits as a whole but what about the country?

your right and that is also what i think about that a taxless society might be nearly impossible to happen because all countries have a government and being control by them . i think its the law of every government to assign a tax for those who are working in a government related work or if you have a public business   .


yes is does  . modified in a way of decreasing the incured tax seems to be possible than removing the tax at all  . that should improve the taxing system and many people will love it if it approved.

I like this positive, but I'm afraid it will not work. Many people have said here before me why. If this idea is modified and improved, then perhaps it will still have a chance.

There's actually no way we could escape paying taxes and no way paying taxes becomes better than not complying with it. It is our duty to pay taxes and the government's duty to make the taxes productive by implementing better rules, regulations, building infrastructures and making the country better. Taxes for me is what unifies the government and the people, without taxes, there will be no gas to fuel the innovation and development so in terms of cryptocurrency, the taxless society isn't a good idea for us to come up with.

It seems that you are just talking about taxes and the convenience of paying with crypto. So for those households who don't know the technology and they never even know about crypto? how do they face new society? Besides, you only talk about annual inflation, but in an economy where there is never only inflation, we still have deflation and deflation. If inflation did not occur, then the whole economy would collapse?
I think this plan is not feasible and our fiat money is still the best.

Tax has a very important role in the life of the state, especially in the implementation of development because the tax is a source of state revenue to finance all expenses including development expenses. There are several countries that rely on fiscal policy to finance state expenditure, these costs can be obtained from tax revenue. Nowadays tax is used for routine financing such as personnel expenditure, goods expenditure, maintenance, and so forth.

We take the example in Argentina, to reduce the budget deficit, the Argentine government applies an increase in export taxes for grains. For developing countries and poor countries, tax revenue contributes significantly to gross domestic product.

The tax function is different in some rich countries (middle eastern countries) because the tax is used as an instrument to reach the destination. In the context of leading investment, both domestically and abroad, various tax relief facilities are provided. In order to protect domestic production, the government sets high import duties on foreign products. (For example, Qatar imposes a 100% excise tax on alcoholic drinks with the aim that consumption of these health-damaging drinks is limited).

With the tax, the government has the funds to carry out policies related to price stability so that inflation can be controlled. This can be done, among others, by regulating the circulation of money in the community, tax collection, effective and efficient use of taxes.

So it is not always the tax that is applied to increase state revenue, the tax is used to achieve certain interests.

Taxless society is a concept given probably by those who are fed up paying taxes and the government is not investing tax money on them. There are countries that are still suffering from corruption and their governments are not loyal to them. But if we look at this concept form your perspective, of course the society will become chaotic if there is no one to monitor their economical state. They shall simply make crypto legal and let people experience full authority.

Where did you get this information about "not needing to tax the citizens", care to share? I'm pretty sure even if a country is prospering it doesn't mean you don't have to tax people, you are living in that country, after all, you're a citizen. Besides, taxes have their utilization--maintenance, government infrastructures, etc.

And about that Oil, I'm certain that private companies (corporations) handle those precious resources, they don't necessesarily answer directly to the government, after all its business.

You really cannot under estimate countries like GCC countries who are oil rich and they do not impose any tax on their citizens as well as the expats living over there, yes they have the oil money and hence they do not need to tax anyone and yet they are prospering and they have turned the deserted lands into man made marvels. If the government is able to make their own money then you can think about a tax less society and it is really possible as there are countries like that .

I don't believe that it is possible to eliminate tax 100%. But we can keep it down to tolerable levels, given that the government cuts down on wasteful spending. Nowadays, large parts of the tax revenues are being used for providing salaries to the government employees. And another large fraction is being used for maintaining armies and waging wars. An even bigger portion gets eaten up by the welfare rates. If we can cut down on these sectors, then it will be possible to keep the tax rates to a minimal level.

It's really impossible, just imagine the life we have if we don't have tax, do you think people can work without any compensation at all? Without tax, there is no government so it would be  hard if we will have a country which has no government at all, there will be no unity and no opportunity at all.

I agree there is no way we can have a taxless society, although there are countries which has a very minimal taxes, and these countries are coming from oil rich country, they can do that because they have a very high revenues coming from oil, but for other countries they need taxes to support infrastructure and delivering basic goods.

I appreciate the information, I think what the government did was taxing overtly because I know that they didn't print more money, tho before we're like 50~55 PHP in exchange for USD but now it's like 60, then again there are other factors that affect exchange--outside the country that is. Tho I don't really have detailed information to share to portray the drastic change. Anyway, the government increased the tax for sin tax (i.e. tobacco and liquor products), they also did on confectionaries and other sugar-processed products (i.e. soft drinks). After that, other products start to get expensive as well, I don't know if it's the inflation or because of the other products that have been affected by the increased tax.


I don't support it either but I don't really dive too much into details about it, there must be some kind of valid, practical reason for such heavy decision. Then again, I don't really like politics to really be fond of reading thru everything, I only mentioned it because it was really an interesting issue, and maybe I could get an idea of why they're doing such thing, because another thing is, I don't really trust journalist or the news in TVs that much.

I never support the idea of increasing taxes for paying debts of your country. This is the most stupid and cruel mean of paying off debts. Increasing taxes is not showing the credibility of president. If president is there ruling the whole country it means he has something special that other people lack for ruling the country. he then definitely do something unique to get country out of debts like increasing means of investment, building opportunities for business etc.

Taxless society would cause economy havoc. This will cause all manner of economic problems inclusive of inflation,  indirect tax on goods and services that would not be traced to any government agency. Making it possible for corruption on all sphere of governance.

I do not know much about the situation in the Philippines to have an informed opinion about it, but there are basically two ways to tax people, one way is to do it overtly and the other is to do it covertly, when governments decide to create a tax for something then they are charging you a tax in an overtly manner, but the second way in which they can do this is to inflate the currency, this way they can pay their debts by printing more money, the problem is that this reduces what you can buy with your money and as such reduces your wealth, that is just another form of tax but which is done in a covertly manner.