Cyprus-Forum.com

by **Maximus** » Fri Nov 22, 2019 1:46 am

repulsewarrior wrote:...what is a fair way to tax?

The current system is probably as fair as you can make it.

You pay more, the more you earn, based on a tiered system.

by **Paphitis** » Fri Nov 22, 2019 1:52 am

repulsewarrior wrote:...what is a fair way to tax?

A tiered tax system is fair.

It becomes unfair when politicians decide they can spend whatever they like and keep raising taxes to a high level to raise funds.

When we are taxed too much, the economy dies.

by **Paphitis** » Fri Nov 22, 2019 3:21 am

And it gets even better!

by **erolz66** » Fri Nov 22, 2019 8:27 am

Maximus wrote:
repulsewarrior wrote:...what is a fair way to tax?

The current system is probably as fair as you can make it.

You pay more, the more you earn, based on a tiered system.

The narratives of the right are based around the notion of 'this is a good as you can get things', those of the left around 'we can do better'.

I have always been intrigued by the idea of not taxing 'work', 'labour', earned income at all. Tax consumption. Tax corporate profits. Tax the accumulation of wealth left sitting and economically unproductive. Tax inheritance. Tax speculation.

by **Paphitis** » Fri Nov 22, 2019 8:47 am

by **Paphitis** » Fri Nov 22, 2019 8:49 am

by **erolz66** » Fri Nov 22, 2019 8:49 am

Paphitis wrote: which is why there is no better thing than managing the countries finances responsibly and borrowing and taxing sustainably in order to not bankrupt the country.

The facts in the UK are that over the last 70 years Conservative governments have borrowed more and paid down debt less than Labour whilst in power.

http://www.taxresearch.org.uk/Blog/2016 ... -70-years/

Paphitis wrote: That is why, millions of working class will now vote for the Tories and why they have abandoned Labor.

The reason why some of the 'working class' vote for polices that benefit the rich more than themselves is aspiration. The notion that they, or their children or their children's children can one day become a member of the group 'the rich'. It is based on wanting what the rich have, wanting to be the rich. On envy of what the rich have. They baulk at the idea of limiting even the super super rich (personal wealth in excess say of £1bn) because they dream of having such themselves, no matter what the odds are of that actually being possible. That is why national lotteries are a 'tax' on the 'poor', on the envious poor.