Skip to main content

Innovation Meets Taxation


Innovation Meets Taxation
With many cities and states needing more taxes to pay for unfunded liabilities and other pressing obligations, they are innovating new taxes to raise more money.  Some possibilities
  • The Exit Tax.  For those choosing to leave the state because of high taxes, many states will propose an exit tax of 20% of their wealth.  Called final expenses, it will not be called  a tax  per se, but a service fee.*
  • Virtual Wealth Tax.  For those with credit cards not charged to the limit, they have a virtual wealth obtainable by spending to that limit.  Some states are proposing a 23% tax on the difference between the credit card limit and the balance.  The neat thing about this tax is that it will be automatically charged to the credit card. 
  • The Homeless Tax.  Now nearly in operation in Seattle, this flat tax of $275/employee will be charged to businesses to help with the expenses of housing, feeding, and medical care for the homeless.  Naturally, this tax will be increased or extended to the people as more homeless move to the location.  Free stuff is a powerful magnet for many.
  • Citizen’s Gas Tax.  In addition to standard fuel taxes, each automobile will have a serial number to be read at the gas pump.  Any purchases of gasoline exceeding 15 gallons per week will be charged an additional tax one dollar per gallon. 
  • Public Facility Tax.  Using software similar to the “no cash register” shops, citizens will be automatically charged (to a credit card) one dollar for visits to public facilities such as parks, zoos (plus regular cost), even public restrooms.  The homeless and illegal aliens are exempt.
  • The McDonald’s Reparations Tax.  Everyone who has worked at a McDonalds was exploited by the chain.   Therefore, a tax on all current McDonald’s customers of one dollar per visit should be accessed to help pay reparations to those exploited in previous years.


*Naturally, the Exit Tax will be adjusted to levels it becomes more economical to stay local than leave despite and including all the other taxes.

Labels:

Comments

Post a Comment

Please Comment.

Popular posts from this blog

Behavioral Science and Problem-Solving

I.                                       I.                 Introduction.                Concerning our general behavior, it’s high about time we all had some understanding of how we operate on ourselves, and it is just as important how we are operated on by others. This is the wheelhouse of behavioral sciences. It is a vast subject. It touches our lives constantly. It’s influence is pervasive and can be so subtle we never notice it. Behavioral sciences profoundly affect our ability and success at problem-solving, from the elementary level to highly complex wicked problems. This is discussed in Section IV. We begin with the basics of behavioral sciences, Section II, and then through the lens of multiple categories and examples, Section III. II.     ...
Post a Comment
Read more

Where is AI (Artificial Intelligence) Going?

  How to view Artificial Intelligence (AI).  Imagine you go to the store to buy a TV, but all they have are 1950s models, black and white, circular screens, picture rolls, and picture imperfect, no remote. You’d say no thanks. Back in the day, they sold wildly. The TV was a must-have for everyone with $250 to spend* (about $3000 today). Compared to where AI is today, this is more or less where TVs were 70 years ago. In only a few decades AI will be advanced beyond comprehension, just like TVs today are from the 50s viewpoint. Just like we could not imagine where the video concept was going back then, we cannot really imagine where AI is going. Buckle up. But it will be spectacular.    *Back then minimum wage was $0.75/hr. Thus, a TV cost more than eight weeks' wages. ------------------------- 
Post a Comment
Read more

Principles of Insufficiency and Sufficiency

   The principles we use but don't know it.  1.      Introduction . Every field, scientific or otherwise, rests on foundational principles—think buoyancy, behavior, or democracy. Here, we explore a unique subset: principles modified by "insufficiency" and "sufficiency." While you may never have heard of them, you use them often. These terms frame principles that blend theory, practicality, and aspiration, by offering distinct perspectives. Insufficiency often implies inaction unless justified, while sufficiency suggests something exists or must be done. We’ll examine key examples and introduce a new principle with potential significance. As a principle of principles of these is that something or some action is not done enough while others may be done too much. The first six (§2-6) of our principles are in the literature, and you can easily search them online. The others are relatively new, but fit the concepts in the real world. At times, these pri...
Post a Comment
Read more