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Thread: Reduce personal tax for these rich people?
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[quote=GRIZ326,274264]I am not certain that MARRIE is correct that other nations have set good examples of how China should set up its tax structure, but that is for the Chinese people to decide. My philosophy is simply that governments should not tax people's earnings, but should tax consumption. For instance, a person with great wealth buys a Mercede Benz and pays percentage of the selling price in tax; a person with less money buys an electric bike and pays the same percentage tax. The tax from the rich person and the common person reflect their relative wealth. Taxing consumption is the only fair tax system. Of course, as a conservative American, I do not believe government should be the provider of education, health care or social welfare. ...but much of the world gives those powers to government. As a general rule, governments are very good at taking money from hard working people and very bad at spending that money for the benefit of society.[/quote]
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