Re: Wealth and the Art of Avoiding Taxes

On Tuesday 01 July 2003 12:56, dep wrote:
> quoth Allan Sandfeld Jensen:
> | Money is _always_ "double taxed". Some people seems to have a
> | problem with the fact, but the very nature of money and taxation
> | means that money is taxed again and again. There is no such thing
> | as new un-taxed money, they are taxed every time they change hands
> | (income, sales) and sometimes when they just spend too much time in
> | the same hands, so why not on inheritence?
>
> congratulations! you have introduced the most powerful argument there
> is for reduction of taxes. money is a flow, not a store, of wealth,
> and taxation diminishes the flow and encourages it to become a store,
> which is harmful to the economy, which is governed by the velocity of
> the flow.

It depends on how fast the government spends the money. Typically a country 
does not accumulate wealth. I think reducing budget-years on government basis 
to half-years might stimulate growth, but perhaps they already have that kind 
of methods. I dont know _that_ much of national economics.

If the state taxes a money transfer and immediatly spends it, there is loss of 
economic flow. Just a better used one.



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