Monday, 26 December 2011

Why do we hate getting money? (part 2)

If you have a job, the government will fine you. They call it income tax. They also fine your employer: they call it business tax. If you go further and create something then they fine you even more: they call it sales tax. 


All of these fines add up to around 40 percent of any money earned. Which means if you have a $100 job to do you can't do it unless it makes an instant profit of $67 (because 167 - 40% = 100). Obviously most work does not make such a huge instant profit, so most work cannot be done.

For centuries economists have said we should tax land instead of work. But we hate making money so we never listen.

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