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To: sense who wrote (170323)4/8/2021 4:06:24 PM
From: Sun Tzu  Read Replies (1) | Respond to of 217798
 
No. You missed what I said.
I said that I would replace business tax with a financial transaction tax with emphasis on foreign exchange and transfer taxes.
In other words, so long as you are keeping your money within the country, you pay no or very low taxes. Once that money changes hands, especially when it goes out of the country, the remainder of your taxes kick in.
The framework is not that you already paid all your taxes and the money is yours. It is that you paid less taxes (and in the business case no taxes) while you kept it in the country. Those unpaid taxes are trusted to you so that you can grow the local economy. But if you are going to take them away, then the full bill comes due.