NationStates Jolt Archive

I recently got the taxing question about taxation again, although i think it would be a very bad idea i went with letting people choose where their money goes to mostly.

i was wondering where you guys woudl put the money, try to answer honestly and assume the taxation rate is quite high,

also explain what you think woudl be the approximate outcome on teh ecomony in general and the well being of teh people.

assumptions

100% tax rate
nationalised industry
no border threats
no bastard capitalist countrys putting trade sanctions on your country

have fun

I like to model my spending on the UK's, with less spent on the military. About a third would go on the NHS (including research) and social benefits, with about a quater on schools and such. The rest can be split between space exploration, council road mainteance and big chairs for politicians.

People choosing where there tax money goes seems incredibly silly. The best marketers would get all the money, not the services which need it the most.

I recently got the taxing question about taxation again, although i think it would be a very bad idea i went with letting people choose where their money goes to mostly.

i was wondering where you guys woudl put the money, try to answer honestly and assume the taxation rate is quite high,

also explain what you think woudl be the approximate outcome on teh ecomony in general and the well being of teh people.

assumptions

100% tax rate
nationalised industry
no border threats
no bastard capitalist countrys putting trade sanctions on your country

have fun
If industry was nationalised, wouldn't all production be property of the state anyway? What do you mean by 100% tax rate?

here's a rap I wrote:

Taxation without representation
it spreadin' throughout the colonial nation!
Leaders in contemplation,
acts still in continuation.

In Parliment no colonists sit
'Cuz Pitt
he got all da wit
Makin' the colonies want to quit!

So, do what's best,
Get it off your chest;
Show the British we be the best,
And go Protest


x!WORD!x

I think I would just give each person $10,000 to spend as they see fit. Which would defeat the whole purpose of taxation, but there you go. A lot of people would put it into the army, but there are no border problems in your assumption.
Another idea would be to build horse racetracks and casinos all across the country. That way, nobody would be far away from an outlet if they want to gamble and it would be money on top of money, because you'd put up money, but people would bet money. How cool would that be.
It would be great to have a racetrack in every town if you would have the horses to support them. Just think of what the simulcast parlors would look like! All the TV screens all different colors. It would be dazzling.
Maybe even dog tracks, although I am pretty concerned with cruelty in the sport. Maybe if you had a dog track in every town, there would be enough races to put all the dogs in and you wouldn't have to kill any.

here's a rap I wrote:

Taxation without representation
it spreadin' throughout the colonial nation!
Leaders in contemplation,
acts still in continuation.

In Parliment no colonists sit
'Cuz Pitt
he got all da wit
Makin' the colonies want to quit!

So, do what's best,
Get it off your chest;
Show the British we be the best,
And go Protest


x!WORD!x

Pretty cool--but where are the s's that look like f's? :))

I would spend the minimum on the maintenance of government, especially the judicial system and law enforcement, a top-notch trade and travel infrastructure, education vouchers, and then the rest would be spent on tax returns.

Actually I would spend it on the infrastructure, some on law and order, and some on scientific research. Social welfare and health, and stuff like that would be gone, only enough for defense at home would be spent on the military, and the rest would pretty much go back to the people. If it was up to me though only the extremely wealthy (millionaires and up) would be taxed, and pretty heavily. Almost everything else can be dealt with in the private sector without taxdollars. But I guess I can't answer this question, because my country would be a bastard capitalist one, and my industy wouldn't be nationalize...sorry... :(

If industry was nationalised, wouldn't all production be property of the state anyway? What do you mean by 100% tax rate?

well i was kinda basing some of them on what my nation is here, but yes it would all be owned by the state,

the taxation rate being that everythign you make is owned by the people through a representative government.

obivously under these circumstances almost all teh people would worry about their wellfare etc, but then again would that be so wrong, maybe have some kind of cut off max to how much can go to one catagory, or having a preferential voting system for the resources.

It's good to see noone in this forum thinks that money should be spent on roads, trains, water pipes, electricity cables, footpaths, parks, streetlights... etc.
This is why democracy doesn't work.

Also, 1337 h4x0r5, shouldn't that be "Word to yo motha"? Ice Ice Baby!


And why wasn't there a "Cruel Bloodsports" option? I want my Rollerdome! Or how about some gladiators that DON'T fight with big cotton buds?


"I speak better English than this villain Bush" - Muhammed Saeed al-Sahaf, Iraqi Minister of Information

I recently got the taxing question about taxation again, although i think it would be a very bad idea i went with letting people choose where their money goes to mostly.

i was wondering where you guys woudl put the money, try to answer honestly and assume the taxation rate is quite high,

also explain what you think woudl be the approximate outcome on teh ecomony in general and the well being of teh people.

assumptions

100% tax rate
nationalised industry
no border threats
no bastard capitalist countrys putting trade sanctions on your country

have fun


Education. That way, poor children can gain a chance to get wealthy, and the economy will have very highly educated workers. Economic, cultural, and welfare benifits all around.

I still don't understand why the tax rate needs to be so high, but I'll get to that later.

From an economists perpective, the government is there to help balance out the weaker points of the country by optimizing its strengths. In doing so, money accumulated from taxes should be placed towards the general benefit that the private sectors will most likely not want to provide. Things such as public parks, roadways, and the enviornment will be assigned a certain fixed amount as they raise morality, patriotism, and increase general health. On top of this, the most important factor after a certain level of enviornment has been attained, is education. If education is well underway, people will be more likely to find their own methods to keep themselves out of debt and able to pay for expensive mistakes or medical bills should they occur. This has two additional results as well. Due to the increased intelligence, overall credit rating of the country's people will be on the rise which will increase creditors confidence in the population. This will in turn lead to a increase in investment to the country which will compound the initial rise in economical welfare. The other advantage of increase intelligence of a nation is the ability to be not only competetive with other nations ability to produce things more effectively but be a leader in the world's research. This will also compound the economical welfare of the country's growth as companies in other countries will no longer stay local when developing new products but will come to you instead.

As for social welfare aside from the enviornment such as health and welfare support, I'm sure each culture's views of what is necessary differ greatly. I, however, am not the biggest fan of welfare. I would rather start government work programs (with civil rights kept in mind, this is no concentration camp). Not only does this help increase production for the country, but it makes people realize that they will not be rewarded for doing nothing.

On the other hand, senior citizens may find it harder to keep up with medical bills. I know this sounds mean, but realistically, if you look at the stress they are currently putting on the economy of the United States through social security, you realize that they will eventually implode our economy if they are allowed to keep this pace. Although they are valued citizens and they have worked very hard for the country, you would assume that the reason they retired in the first place was because they thought they had enough money to do so. Going back to my idea that increased education will lead to better financial decisions, poor decisions on when to retire should also be falling. Even though I have problems with giving out free money, I am not without a heart. If a senior citizen is in dire need of money for whatever reason, i think that they should be eligible for a very low interest loan which would operate in much the same way a college loan does for poor college students. It would then be up to them to decide how much they wanted to burden their family after their eventual death.

Of course, this theory does not include much defense spending, so more money may have to be spent depending on where territory disputes among neighbors stands.

Back to wondering why taxes need to be at a very high rate. After you supply the general enviornmental and education increases and use the tax rates based on improving these to help control money balance and everything else to assure a stable economy, what is the point in having a rediculously high tax rate? I think that somewhere between 20-35% average tax rate should be more than enough to sufficiently supply the citizens with the benefits they need without handicapping the progress of their hard work.

Anyway, just my two cents

Infrastructure and such to get a good economy going, then science research so we can get interplanetary space travel...then I'm off that hellacious government-infested rock! :p