But if you save your money in a bank you arent hording it. Hording it would be stuffing it under your mattress. While a bank will circulate your money through other investments. That's why banks gives you intrest. So it still works in a flat tax system since no money is technically stagnant if you store money in banks. Which you are incentivised to use because of intrest.
Why? Everyone would literally be pulling their own weight. Proportionately. If you wanna save money and not buy things. No tax. But someone, at sometime. Is gonna spend it. And you pay the tax. How the heck is that horrible? Or are you just a freeloader
I dont understand your usage for hording and stashing it. If you mean in offshore banking yeah I can understand that. If you are referring to investments and banks then it's not hoarding. You still pay taxes on investments.
Is it normal to want a flat rate tax?
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I don’t think I understand what you’re saying.
Are you saying we should tax people for circulating money through the economy, but don’t tax those who hoard and stash it away ?
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Uniballerz
1 year ago
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LloydAsher
1 year ago
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That is exactly what I am saying.
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KholatKhult
1 year ago
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That’s horrible.
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LloydAsher
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Uniballerz
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But if you save your money in a bank you arent hording it. Hording it would be stuffing it under your mattress. While a bank will circulate your money through other investments. That's why banks gives you intrest. So it still works in a flat tax system since no money is technically stagnant if you store money in banks. Which you are incentivised to use because of intrest.
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donteatstuffoffthesidewalk
1 year ago
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banks pay about 20 bucks a month interest per 100k
most uninteresting
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LloydAsher
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It's not nothing.
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donteatstuffoffthesidewalk
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it is nothin compared to a proper investment
Why? Everyone would literally be pulling their own weight. Proportionately. If you wanna save money and not buy things. No tax. But someone, at sometime. Is gonna spend it. And you pay the tax. How the heck is that horrible? Or are you just a freeloader
I dont understand your usage for hording and stashing it. If you mean in offshore banking yeah I can understand that. If you are referring to investments and banks then it's not hoarding. You still pay taxes on investments.