Row 427

Row ID: 427 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 427 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Hey everyone, I'm sorry if this is the inappropriate place to post this.

I came up with an idea for a flat-tax, community service based economic model that I believe could be, if not a solution, at least a decent start towards a prosperous system for most individuals. Challenging the argument that a flat-tax rate would not work in a society due to discrepancies in wage earnings, the bottom-earners having much more to lose than those at the top. To address these issues, I theorize that by allowing community service, charity work and charitable donations to be used as tax deductions, we could build a system that actually works. On paper, a flat-tax rate for all individuals, regardless of income would be, what I believe to be, of the most universally beneficial economic systems. I think that it only makes sense that if everyone is treated fairly and evenly at all levels, then the driving factors of success and innovation would remain intact as well. So by allowing anyone to earn their taxes back, by providing a service to their community, it would benefit the communities around the country, and help to ease the burden of tax dollars being spent on some public programs. If individuals staffing rescue centers, recreational centers, and other similar programs to be discussed later, were able to volunteer their time, while receiving a portion of their taxes back, then I believe that we could see some significant change. My theory is that over time, communities will continue to see benefit as their communities build around them, a society that addresses concerns most affecting their geographic location. Understandably not everyone will be able to benefit fiscally from this system, as there will always be outliers, but they should be able to receive the benefits of a stronger and more tight-knit community. I also think that if this program is successful, then over time one would expect to see most of their society begin to grow, as empathy and understanding begin to develop alongside with some tax savings.

The idea driving this is that everyone should be given a fair chance at life, a universal tax would not diminish the value of effort put in and by allowing those that may have some additional spare time (or make time for it) the chance to either reduce or reimburse themselves by assisting their communities. We have reached a point in time where the threads holding society together are fringed and the consequences of them being lost forever is something that we should try to avoid. Rural parts of the country are experiencing tragic losses due to the opioid crisis, whereas urban city centers are flooded with displaced homeless people. By being able to provide some additional resources to our neighbors, I believe that we could work together to eventually find some type of universal policies that could help everyone have an equal chance of taking on life, without suffering the consequences of multiple failed economic and political systems of the past. If we were to set up community based support systems, youth centers, recreational centers, community gardens, etc. we should be able to help out some of those that we are most able to help, and also probably need it more than anyone.

I think more so, now than ever recently, it has become apparent how desperately needed community is. However, I am relatively uneducated when it comes to economic figures, feasibility of this prospect and what the actual percentages would look like. If I were to throw a number out and say if everyone in a country was taxed at 15% of their income (all sources of income, dividends and capital gains included) I don't know what this figure would be, how it could be used most efficiently, etc. and that's why I'm asking for help.

I figure during this quarantine/pandemic period, someone out there might be bored enough to actually read this. And hell, maybe a person that reads this will actually agree with me or at least be willing to have a conversation. Who knows, maybe someone might actually help me too!

Well if you made it this far, thank you so much for reading this. I have been wracking my brain with this idea for a few months now and have had a lot of anxiety about telling anyone about it.

FieldValue
text Hey everyone, I'm sorry if this is the inappropriate place to post this. I came up with an idea for a flat-tax, community service based economic model that I believe could be, if not a solution, at least a decent start towards a prosperous system for most individuals. Challenging the argument that a flat-tax rate would not work in a society due to discrepancies in wage earnings, the bottom-earners having much more to lose than those at the top. To address these issues, I theorize that by allow…
label r/econpapers
dataType post
communityName r/EconPapers
datetime 2020-04-02
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Raw Record

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Entry Information