A New Tax System: Selecting D-Factors

As I mentioned earlier, the system would allow for pre-sets. A complete set of D-Factors could be defined that was friendly to a particular sector of society. Different pre-sets could apply when economic conditions demand or allow them.

For example there should be an environment-friendly pre-set where all D-Factors discourage non-renewable fuels, waste disposal and environment-damaging activities. Recycling should be encouraged with lower D-Factors. (In fact this tax system would gel well with a circular economy where waste is sold for recycling, creating a closed loop. More on that another time.) All other aspects not related to the environment might have more neutral D-Factors.

Similarly there might be a community-friendly pre-set where more emphasis is placed on charity and donations, community and family support services, education and health. Again, non-related D-Factors would be more neutral.

You get the idea. Other types of pre-sets, and perhaps undesirable ones might favour industry and the rich would also be possible but frowned-upon by most people, much like the economy today where the rich seem able to avoid paying tax. With this system this would be no more.

Of course pre-sets are not mandatory. D-Factors may be changed independently, subject to parliamentary approval, of course.

Advertisements

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s