Really easy, power law formula marginal sales tax rate. The more and more you spend, the higher and higher your sales tax rate is. Considering most spending happens via electronic payments, this should be easily trackable since we have internet/electronic databases/identifying numbers for each purchaser.
You get a 1099 or W-2 for income, why can there not be an equivalent for spending?
This plus power law formula land value tax rates would fix multitude of societal problems. Land values are also already in electronic databases.
And get rid of income taxes altogether. This would disincentivize hoarding and wasting, and incentivize working and being efficient.
The only other aspect of rent seeking I can think of that would need to be nerfed is copyright terms being reduced to 10 years.
You get a 1099 or W-2 for income, why can there not be an equivalent for spending?
This plus power law formula land value tax rates would fix multitude of societal problems. Land values are also already in electronic databases.
And get rid of income taxes altogether. This would disincentivize hoarding and wasting, and incentivize working and being efficient.
The only other aspect of rent seeking I can think of that would need to be nerfed is copyright terms being reduced to 10 years.