Submitted on Friday 5th August 2011
Published on Monday 15th August 2011
Current status: Closed
Closed: Wednesday 15th February 2012
Signatures: 2
Tagged with
Economy ~ income tax ~ Tax
Eliminate Income & VAT Tax and introduce a Consumption Tax
1. Remove income tax and VAT altogether.
2. Introduce a consumption tax - a tax on all goods and services purchased. This would include all financial transactions too.
Taxing income taxes what people contribute to the economy, while taxing consumption taxes what they take out. We need to provide an incentive for people to save, be more efficient and not waste the limited resources available to us.
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