That's what I have been thinking how the system should be.
Just print eg 3% more money each year. Give eg 30% of the new money to the state for its expenses, give the rest equally divided to all the population. End of story.
No need for IRS, no need for filling taxes, layers, tax accountants, tax checks. The amount would be insignificant (as a percent) for the rich, significant for the poor, thus helping them more. The only tax would be the specifc controlled inflation.
Looks to me as a very simple, nice system. ..Any thoughts anyone, why this would or wouldn't be a good idea, and / or how it could possibly be improved?
Just print eg 3% more money each year. Give eg 30% of the new money to the state for its expenses, give the rest equally divided to all the population. End of story.
No need for IRS, no need for filling taxes, layers, tax accountants, tax checks. The amount would be insignificant (as a percent) for the rich, significant for the poor, thus helping them more. The only tax would be the specifc controlled inflation.
Looks to me as a very simple, nice system. ..Any thoughts anyone, why this would or wouldn't be a good idea, and / or how it could possibly be improved?