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
Is it normal to want a flat rate tax?
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That’s horrible.
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LloydAsher
1 year ago
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Uniballerz
1 year ago
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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
1 year ago
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It's not nothing.
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donteatstuffoffthesidewalk
1 year ago
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it is nothin compared to a proper investment
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LloydAsher
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That's why it's called savings rather than investments.
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donteatstuffoffthesidewalk
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they should call it losings
100k sittin in a bank for the last decade would be lucky to be 101k now and worth at least 30% less than it was at the start
more like 75% less if you spent it on steak & lumber
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