Inflation tax

[new_trader]

come on then, whats the most efficient tax system ?

You still don't understand that inflation is NOT a tax.

I repeat, inflation is NOT a tax

I repeat, Inflation is NOT a tax

I repeat, INFLATION IS NOT A TAX.

 

[Atilla]

Yea but savers have to pay tax anyway so just scrap the tax and use the inflation ,same difference ?

Only if inflation == tax on savings.

But without accounting you are not likely know this?

What do we do next?

 

[price777999]

You still don't understand that inflation is NOT a tax.

I repeat, inflation is NOT a tax

I repeat, Inflation is NOT a tax

I repeat, INFLATION IS NOT A TAX.

answer the ****ing question !

 

[Atilla]

come on then, whats the most efficient tax system ?

VAT.

Avoidable and paid only when money is spent.

PAYE & VAT very efficient, easy to collect and clear in peoples minds. One is unavoidable and paid at source, the other avoidable and taxed equally to all who choose to consume prod / service.

 

[price777999]

Only if inflation == tax on savings.

But without accounting you are not likely know this?

What do we do next?

I duno , I was hoping somone would come up with a good idea

 

[Atilla]

If some people perceive gold to be currency then it is just as simple to perceive inflation as another form of tax on savings.

If Japan sets an inflation target of 2% what does that do to peoples savings?

Encourage spending! Tax savings!

 

[price777999]

VAT.

Avoidable and paid only when money is spent.

PAYE & VAT very efficient, easy to collect and clear in peoples minds. One is unavoidable and paid at source, the other avoidable and taxed equally to all who choose to consume prod / service.

So we have VAT and a gold standard then everyone is happy ?

What do we do if hyper-deflation occurs, or is it not a problem ?

And how do we trade with other country's with fiat currency's , or is that not a problem ?

 

[price777999]

If some people perceive gold to be currency then it is just as simple to perceive inflation as another form of tax on savings.

If Japan sets an inflation target of 2% what does that do to peoples savings?

Encourage spending! Tax savings!

are you saying savings tax is more efficient than VAT now ?

 

[new_trader]

answer the ****ing question !

I have answered the ****ing question time and again and given you historical and current REAL world examples of why deliberate inflation is the most destructive policy a Government can pursue. But you choose to ignore the facts. Not only that, the Question doesn't make sense because inflation isn't a tax. Inflation and tax are two entirely different things.

A low flat income tax with no deductions would be good. Without deductions there would be a lot of time and effort saved for individual earners, businesses and the inland revenue.

I would prefer a consumption tax rather than a tax on productivity. But I am in two minds about that.

Anyway, ignore any moron who talks about efficiency, benefits or value added through inflation. They haven't got the foggiest idea what they are talking about.

 

[Atilla]

So we have VAT and a gold standard then everyone is happy ? That's a bold statement.

What do we do if hyper-deflation occurs, or is it not a problem ?

Savers and spenders gain. Producers suffer.

And how do we trade with other country's with fiat currency's , or is that not a problem ?

Isn't this what we do now already?

Nothing is ever a problem.

What we have is an opportunity to succeed in solving a problem meeting a service or requirement to fulfill a positive need.

 

[Atilla]

are you saying savings tax is more efficient than VAT now ?

No? But interesting line of thought. Could it be? Can you explain what / how you are thinking?

 

[price777999]

price777999 ''And how do we trade with other country's with fiat currency's , or is that not a problem ?''

Isn't this what we do now already?

Which country is on a gold standard at present ?I thought all country's used fiat ?

 

[price777999]

No? But interesting line of thought. Could it be? Can you explain what / how you are thinking?

Just to eliminate as many accountants as possible

 

[new_trader]

So we have VAT and a gold standard then everyone is happy ?

What do we do if hyper-deflation occurs, or is it not a problem ?

It is not a problem. Producers don't suffer, that is absolute nonsense. There has never been a case in History, ever, where hyper-deflations has caused a collapse or even been reported. Even when the world was on a true gold standard. Hyper-deflation seems to be a product of a hyper-active imagination.

And how do we trade with other country's with fiat currency's , or is that not a problem ?

It is not a problem as long as they aren't inflating.

 

[price777999]

Quote:
Originally Posted by price777999
And how do we trade with other country's with fiat currency's , or is that not a problem ?

It is not a problem as long as they aren't inflating.

But they obviously are .... so whats the solution ?

 

[new_trader]

But they obviously are .... so whats the solution ?

And around in circles we go!

The solution is sound money, a hard-currency that limits a Governments ability to inflate. But you don't like that...neither do Governments because it limits their ability to dishonestly confiscate wealth.

So the ONLY solution is to learn what inflation really is and how to protect yourself from it.

 

[Atilla]

Just to eliminate as many accountants as possible

You can not eliminate accountants !

I see you becoming one

 

[Atilla]

It is not a problem. Producers don't suffer, that is absolute nonsense.

So Mr Boeing and Airbus want to bring a new airliner to market and based ROI calculations in year X.

After a few years of Production, R&D and some minor issues airliner shows up in year X + 5.

What does Hyper-Deflation do to their ROI calculations if price is lower than anticipated at the start?

What does Inflation do to their ROI calculations if price for new airliner is higher than anticipated at the start?


No worries as we have no accountants Price plucked out of thin air £777999 :cheesy:

 

[price777999]

And around in circles we go!

The solution is sound money, a hard-currency that limits a Governments ability to inflate. But you don't like that...neither do Governments because it limits their ability to dishonestly confiscate wealth.

So the ONLY solution is to learn what inflation really is and how to protect yourself from it.

That's great but how are you going to force every country in the world to go on the gold standard ?

So what does the one country that uses sound money do when all the others are using worthless paper ?

 

[price777999]

You can not eliminate accountants !

I see you becoming one

They charge about £75 p/h plus vat in Norway ...still don't want to be one .