But you said yourself there are built in loopholes "secondary markets".

I don't see that as a loophole, I see that as a benefit to those who can't afford to pay taxes because they don't make enough money to subsist. it gives more power to the money of those who need it. Will it be used and possibly abused by some smart people who find out they can live totally off the grid tax-wise? sure, but that's not any different than what we have now, and those who do that pay for it in the quality of goods they can buy

even if you do see it as a loophole, it's one single loophole that can be easily pointed to and understood, not 15 different ones based on where you choose to bank, how much money you make, and how much of your savings you're investing into companies and stuff.

I think that's more just

keep in mind that secondary markets can't exist for services, either

It's one loophole we see now. What if I submit almost no tax for my state, for example Oregon has no sales tax. How are the roads in my state going to be paid for, or are those people who live on the boarder going to get a free pass.

What if it's the richest 1% that are able to move there and so they get the benefit of the low taxes of one state and the safety net of mine?

Ok, I'll admit that these are things I haven't thought of, and that's what this discussion is for. (Offhand speculation incoming)

I don't think that a separation of federal and state taxes are a great thing, personally, though I don't have much info on the implications of federal distribution to states. My idea of this system has been mostly federal, with states allowed to impose their own systems on top (not ideal, but possibly necessary). I'd have to do more research on that and get back to you, because I honestly don't know

Most taxes are collected from the people in the states not from the federal government.

Cities, counties, and states.

Sales Tax, Prosperity Tax, and Income tax are all collected by states.

The fed only collects income tax, and some specialized sales taxes like Tabaco.

Ok then, ty. I'm glad we're still willing to have discussion, btw, most people by now either get tired of talking about politics and economics, or don't have as much useful input to the discussion

We're in <#509549100061163520>

I don't think they'd be in here if the tired of it.

Or was that a general comment?

As far as state taxes go, I think the general system would be best if calculated by state. I've said before that the national percentage needed would be about 23%, but that may be different based on location. You're right in saying that it may incentivize high wealth people to move to areas where it'd benefit them best, and I don't exactly have an answer to it at the moment.

General, but also specifically to you. It's good to have actual discussion with someone at least (likely more) intelligent as I am but with vastly different conclusions

Not only that, but VAT/Usage taxes directly hurt low income, and middle income families more.

Now that I do have part of an answer for

Okay.

Still WIP, but it's mostly functional

The poverty level is calculable, and with a direct sales tax, the maximum possible taxation at the poverty level is also calculable. We have a couple options: we can either forgive the poverty rate amount of taxation, which is hard and doesn't benefit the people as much, or we can give a prebate of that base amount. (I'm on mobile so I'll be slow for a little)

The prebate is the better option, Imo, for a couple reasons. It provides growth, is easily calculable (compared to forgiveness) and provides the same effect as a tax cut on the poor.

With a flat tax on all markets it would remove the tax on the poor, but with untaxed secondary markets it also acts as a potential source of savings or further spending. Remember that with an untaxed secondary market, every dollar spent is used purely on market power. This, combined with reduced spending in general, means that it actively pushes buyers away from poverty (albeit only a little).

The biggest issue is that if it only applies to people under the poverty rate, then they'll be encouraged to stay there and not move up and out. My personal solution (though it's a hard sell) is to make that prebate universal, so even middle income families don't have to worry about losing income once they leave poverty. Does this benefit the rich, too? Yes, but not nearly as much, since their spending is naturally higher anyway. I'm also not looking to settle wealth inequality, but to help the poverty rate and deal with the required money to run the government.

That's the general gist of it. Alright, time to pick it apart

Prebate: monthly check at the beginning of the month, like the functional inverse of a tax return

Why is this anti trump Democrat shit legal. Chuck Schumer wanted to fund a 25 billion dollar border wall and security fund and now he refuses along with Pelosi to even remotely fund better security, yet daily our officers get injured and die fighting this issue head on. When is there going to be accountability for stalling a NECCESSITY for the safety of our country. Its national security. And if a politician gets in the way of national security due to bias and not a legitimate argument then they should be held accountable for every injury and death that occurs at the border due to the failings it currently has. I'm getting so sick of this anti trump rhetoric. It's got to a point where it HURTING AMERICANS. HURTING OUR PEERS. FUCKING LET HIM DO HIS JOB HE WAS ELECTED TO DO. Fuck.

Except he wasn't elected to do that. Monetary policy is legislative

Or technically the fed, but fiscal policy is legislative

Speaking legally, he wasn't elected to do it.
Speaking from voter standpoint, he was elected to do it. Literally he said vote for me and I will do it, and people voted for him and said "ok, please do it"

and they're dumb because he can't

tfw someone dramatically misunderstands the purpose of the office of the president

Whatever bud its national security I dont need ANOTHER family member of mine murdered by illegals who get out scott free because of this sanctuary bullshit

sanctuary stuff is complete trash, I agree, but before we build a wall, let's actually enforce federal law

what law

There is only natural law.

Interesting find on Yahoo answers