ABOLISH EVERY TAX EXCEPT SALES TAX

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ABOLISH EVERY TAX EXCEPT SALES TAX

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£100 is in circulation in the UK. An apple costs £1. The Government needs to build a road. It will cost £50. The Government takes £50 off us as tax. The Government builds its road. We can now buy 50 apples with our £50.

Alternatively, the Government prints £100. Because the money supply has doubled, £100 is now worth £50. The Government builds its road. We can now buy 50 apples with our £100.

Why do it the second way? We can throw out 99% our convoluted tax laws. No need for a tax collection bureaucracy. No need for 99% of companies or individuals to file any kind of tax return, ever. No need for tax lawyers or accountants. A pure efficiency gain.

Why sales tax? I'm a smoker. Smoking is bad for people and costs the NHS. The price of smoking needs to be high to discourage usage. A sales tax achieves that.

No throwing money from helicopters though. Hyperinflation sucks. Independent experts would calculate how much could healthily be printed. The limit would be binding.

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