So your claim is eliminating the massive overhead and personal/corporate intrusion of income tax will have no effect, benefits, or positive behavior change in response?
And on top of that a $5000 difference in a $1,000,000 transaction is do onerous that it will kill liquidity?
Yikes! Maybe run some numbers before posting?
Seriously, at any wealth level I'd trade income tax for a pennies-on-$1000 transaction tax any day.
And on top of that a $5000 difference in a $1,000,000 transaction is do onerous that it will kill liquidity?
Yikes! Maybe run some numbers before posting?
Seriously, at any wealth level I'd trade income tax for a pennies-on-$1000 transaction tax any day.