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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (72202)	1/29/2023 4:12:22 PM
From: Elroy	Respond to of 78958

I'd rather see a wealth tax replace all other taxes rather than a consumption tax. If you got a lot of stuff, you pay a lot. If not, you don't. I don't know how to implement it, but one tax which is similar to current property taxes seems the best idea to me. I think for publicly traded companies, a tax on market cap makes a lot more sense than the existing tax on GAAP income. No need for any IRS work, just have the company issue X% (1%) new equity each year, sell it in the market each day, and the proceeds go to the government. The negative affect is dilution, but it's a way simpler and better approach than taxing corporate income, methinks. Removes the problem of multi-billion companies paying zero. Aligns company interest with government interest (both want highest possible market cap).

To: robert b furman who wrote (72202)	1/29/2023 4:25:35 PM
From: bruwin	1 Recommendation Recommended By robert b furman Read Replies (2) \| Respond to of 78958

" .... and a a tax code that could choke an elephant* ..... Far be it that government gives up its power, for efficiency's sake"* Yes ..... well ..... I would suggest that there should rather be a 15% TAX RATE ACROSS THE BOARD for everyone. In that way the Tax Code that you refer to, which RUNS TO OVER 2000 PAGES could be done away with, AND, on top of it, US Taxpayers wouldn't have to pay the salary bill that will now result from the EXTRA 80,000 IRS AGENTS that will soon enter service. In addition, there are those who keep pushing the Narrative that the "Rich" don't pay their "FAIR SHARE" of Tax ....... Well, according to IRS Data, which is really easy to find, the Top 1% to 5% in the INCOME GROUP actually pay 60% of ALL INCOME TAXES, with the Top 1% (the REALLY RICH) pay 40% of ALL INCOME TAXES PAID ............