Kinda crazy to see/read anyone on this platform even suggesting there might be such a thing as “fair” tax on income, given the libertarian-lean of many here into crypto & it’s philosophical roots. Lol.
You are mistaken.
Personally and since taxes aren't going anywhere, I am in favor of a single, flat tax rate, where everyone pays the same, no matter what is earned
Takes aren't going anywhere. It is a process that will take decades to change, let alone abolish entirely. People can argue all they want for a different system, and what would work, but the problem is, they can't get it implemented, making all the rants about tax impotent. Unless there is a near cataclysmic event of the human race, it is going to be an incremental change.
economics have crunched the numbers for simulations and they surprisingly end up with more revenue for the government in the end.
Are you suggesting that governments are okay the way they are to handle more money?
See the problem? They aren't going anywhere very fast either. There are far better systems for governance as we know, but try to flick a switch and make the change.
Even "be the change" only works when there is personally positive incentive behind changing, or heavy negative. We don't want to have to pay the cost as an individual, for what affects everyone, and the first to change, will pay the most. It is an adoption curve, and there is very little incentive to make changes that benefit society, and there is active influence to maintain the status quo.
We as a mass of people can defund a government overnight. We can kill any corporation in an instant. But as individuals, there is very little that we can do, fast.
Oh hell no, lol. I probably went off on a bit of a tangent/rant, while not speaking to the “taxes are not enough” point - which I do concur with (and thought might be apparent in the opening remark about how governments tend to spend.)
For sure, these are quite big, complex “problems”/issues, with no quick & easy solutions everyone could agree upon… let alone get implemented effectively. For sure, it may be “interesting” to watch in the years ahead as many of the old ways & institutions are failing & crumbling - likely much chaos while a new order emerges out of it (IF does)…