Hey there a scammer with an American flag icon as the top comment. Basically pushing some fraudulent trading “advisor” making 90k a week. It would be very helpful to others if you’re able to delete that
It's quite common to see bricked up windows in properties dating from the UK's window tax period, 1697-1851. Quite a few of these are a result of tax avoidance of the window tax. I believe the tax was known as 'Daylight robbery'
Private businesses can build all these things for us, IF we actually wanted to buy new versions of them, and most of us don't really want new ones, when the old trains, roads, and hospitals are fine, if not developed enough to handle unusual emergencies like Covid.
@@sprinkle61 Private Business that use Tax breaks, public funding and then turn around and charge the people (like a tax?) on such things as Toll ways? Its ALL a scam.
It’s the ol’ bait and switch. “We need your money so we can fund projects such as healthcare, public transportation, and social security!” And then they end up wasting most of it and spending the rest on unrelated nonsense.
"Is Taxation Theft? Let's go through how state theft worked through millennia in the West. Let's also passively remind people how peasant uprisings were the only thing that got states to stop stealing."
@@ickster23 No offense, but I didn’t mean taxation shouldn’t be complained about. I utterly failed at conveying what I said sarcastically I guess. Keeping those who wield the power in check has always been a challenge for humanity.
@@oghatarana Ah, I missed the sarcasm. It's only because the "at least it's not as bad argument" is used so often to justify bad government and bad policies.
Anyone making less than the value of a kilograms of gold a year (defined this way due to inflation, and is about $78k) should not see any income tax. They can pay sales tax, but they're not getting by as it is.
No individual human should be taxed whatsoever. Only corporation should be taxed because corporations need the government to exist. The rest of us don't
Also let us not forget the tax proposed by Henry George. A tax on economic rent believed to be so effective it could remove all other taxes and fund the state. It is considered fairest as it impedes on rent seeking behaviour of landlordism.
A point worth mentioning is that, unlike today, medieval nobles who got tax exceptions did so in exchange for military service. In fact it was sorta the other way around, tax (for example the scutage tax in England) was a way to avoid military service. It wasn't until the French revolution that it became acceptable to both provide military service AND pay taxes.
@Corndogg316 Well, small farmers can sell their good directly amongs eachother and to other people without reporting this so that the money the buyer gives ends up directly in the hand of the seller without any gov in the middle. Of course, this less safe because it is no longer the job of authorities to involve if something goes wrong, but the goal is still reached.
This was insanely light from a historical perspective. You brush over topics so quickly and with the briefest of explanations. A lot of your 'research' and insight really does come across as if you have only read wikis and some articles, not several well established books on the topic.
@@Bit-Crafter What happens if I have criticisms about a book I read - Do I also then need to write one myself? I wonder if you'd expect the same from yourself than you do from me
@@TyrasHelmthis is a great come back but not everybody has time to watch a 3 hour video on usury maybe you should thank him for spreading awareness and inciting intrigue instead you lout
@@authenticallysuperficial9874except you didn’t stumble across it. The bake sale is located in a territory you control militarily and defend from others who would destroy the whole bake sale while also educating the owners from K-12 all for a percentage cut of the profits
Watching from Kenya, intresting coincidence u have uploaded this when we are right in the middle of protesting against our government introducing an oppressive tax laws.
Taxes are something you honestly can’t live without (and i dare You to give me an example where it’s ever worked without.) and something you can’t live with. It’s like living with a sibling that you don’t like, but what the hell what are you gonna do, kick them out.
It was always supposed to be a pooling of resources for the public benefit. A supply of food in winter, extra resources for repairs, raw materials for construction of infrastructure. It ended up being the origin of corruption of officials. Suddenly the king owns everything, or the official in charge of a resource has consumed it for their own benefit.
The amenities payed by taxes are mostly non-exclusive because of the commercial housing market. If someone would want a tax system with opt-out tiers, they would have to create different residental zones for the different services. That already sounds overcomplicated, but it would be possible.
We should repeal the 16th ammendment. I understand sales tax for smaller things (it's also the only way to effectively tax the rich) but taxing people based on how much money they make is evil imo. Sales tax can become an issue when they are used to shape behavior, but still. A property tax I am also mostly against, but less so than income tax, its less evil than income tax at least.
I think another large shift in tax policy in more recent times has been the idea that targeted tax deductions or credits can be a direct substitute for government spending. It sounds good in theory but eventually the tax code gets so convoluted and complicated that only people who can afford to pay someone else to do their taxes can effectively plan to take advantage of them.
The hard thing with taxation is no matter what form you have either tariffs, property taxes, income, etc. Each form will disproportionately affect someone in some way, thats why the US tax system is so complex because they try close loopholes and create incentives for certain activities and implementing it in a way to tax those with the ability to pay and who recieve the benefits of the tax. For example gas tax going to road infrastructure, property tax going to schools, SS and medicare being paid and utilized by low and middle income households. Its a difficult problem to solve.
Land Value Tax makes more sense than every other tax. There’s a limited amount of land in a nation which ultimately belongs to that nation. It’s also impossible to evade and it’s straight forward
@@joemacdougall9205 the problem with that, is different industry's require different amounts of land, are you saying a farmer should be taxed more than google because a farmer needs more land? If you say it should be based in the value of the land, then who determines the value and what method should be used?
It's a moral problem. People keep trying to live off of others, instead of working for themselves, voluntarily cooperating with others, and aiming to keep the fruits of their labor for themselves. Government is a necessary evil. Keep it small and focused only on the fundamental functions.
what's weird, that in many so called advanced regions of the world governments consume at least 50% from every monetary unit earned, spend, saved and not spend and nobody bats an eye on this. in czech and germany for example that number goes up to 60% and people still defend their tax systems there.
This is only weird from the perspective of those with an irrational hatred of taxes in general. I'm not going to debate policy here, but those that "don't bat an eye" are simply those that find it acceptable to pool their money to get the infrastructure and services they desire. Stuff needs to be paid for either way, but in theory some people would rather just pay for the road, instead of paying for the road + the super yachts of the shareholders. In practice, of course, your mileage may vary.
@@edumazieriIt sounds like you prefer the bloated salaries and pensions of government employees, as well as the endemic waste and inefficiency of government services.
@@markalexander832 ...as opposed to the highly efficient, ethical and underpaid corporate majority shareholders? Next time you check a "richest people" list, let me know how many public sector employees are on there before you complain about salary bloat. But if you feel like they are overpaid or not performing or whatever, just elect different representatives. That's privilege you don't have with the private sector.
@@edumazieri Whether someone got rich off the use of taxes isn't the point of the objections, the actual problem is that the total percentage in tax is too high, the money is taken with the force of Government Guns, and then epiKly poorly spent, by a bunch of uncaring bureaucrats, and corrupt politicians. Take the infamous 'Bridge to Nowhere'. This was a bridge to a remote island in Alaska that has 50 residence and a small airport. The projected cost was about 400 million dollars, which was funded by the Federal government of the US in 2005, and the bridge as proposed would actually have been bigger than the Golden Gate Bridge. If you go to this island, you will see no bridge, everyone still takes ferries to the island, as they always have, but all OUR tax dollars allocated for this bridge were spent, just not on even this lame but maybe marginally useful bridge. It turns out that 25 million Federal dollars was spent on a road leading to the place where the bridge was to be built, but when you drive to the end of OUR cool $25 million dollar road, there is no bridge, and no ferry, either, or anything useful. What we got for our 25 million dollars was actually a 'Road to Nowhere', that has no use at all. This is the problem. If some private business person built a useless Road To Nowhere, and even if they somehow made money on it, the rather large advantage to some private dork doing it is I DON'T HAVE TO PAY FOR THIS CLEAR GARBAGE. This is key. And you know what ? Most likely a rich person would NOT build a road to nowhere, because they didn't get rich throwing away money, but the INCENTIVES of bureaucrats are completely different and warped, and they have no problem building useless roads, as long as they can take the money from the rest of us by force to do it, THIS is the problem. Bad incentives. Also, 'Voting Harder' does NOT solve the bad incentive problem, both because members of both parties do this kind of wasteful spending, but also power tends to go back and forth every few elections, so even if Vote Hard for a non-bad candidate (which doesn't exist), there is still a 50 % chance that the other corrupt guy wins, and then your 50 % tax is flushed down the rathole of roads and pretend bridges to nowhere...
That bit about the Egyptian after life tax and how they tried to avoid them is choice hilarity. >:D Shortly before the French Revolution, the Chancellery of the Exchequer (Dept of Finance) had been 'cooking the books' for political reasons and lying about. Meaning they had far less money to deal with crisis then they claimed. From the 'Revolutions' podcast in the French Revolution chapter
I am happy to pay taxes that fund my society. However, I hate paying taxes that subsidize those who have more than I do. Corporate entities and high net worth individuals need to pay their fair share.
@@HaimRich94 "Fair share" typically means "everyone making more than me should pay for everything." Like when Bernie Sanders became a millionaire he stopped criticizes the "millionaires and billionaires" and only criticized the "billionaires" thereafter.
@@authenticallysuperficial9874yes it is a prerequisite because it’s necessary for defense of which without you will be annihilated by those who do organize a military to crush you. Learn what happened to the conquered and know why that is bad enough to tolerate taxation
@@authenticallysuperficial9874taxation is cooperation and organisation though. Its the only thing that connects every person within a country in a material way
We probably should get rid of Capital Gains tax. It doesnt make sense to me. Why in the hell is Capital Gains taxed lower than income, its all income, but Capital Gains dont do shit for productivity which is the most important part for the majority of the population. So basically we have 90% of population taxed much higher for producing stuff than the 10% who arent producing anything... Combine that with stock market valuations having nothing to do with the actual productivity/assets of the company and it dont look too good :D Take Tesla for an example, its valued at more than the next 10 automakers combined, despite having much less profit and a fraction of assets that the others have. The collapse is gonna be bad and a lot of people are gonna starve to death but maybe then we will get another New Deal that means prosperity for an average citizen for 50-100 years before we do it all again!
The new deal didn’t work. If you want proof it didn’t, look at what happened in 1920-21 (which was far worse then 1929 and onward) and compare how the United States and Japan reacted. Notice how Japan tried the new deal before it was cool… and had the exact same issues the *cool* new deal did. And how the United States tried… *the right thing* and was fine (until the stock market crashed, but that’a a seperate issue) No-one ever talks about that though… I wonder why…
Thought the main reason for peter the great's beard tax was to make russia look more western (where beards had fallen out of fashion). Also, didn't he later completely criminalize beards (eg "you can keep your beard and lose your head, or lose your beard and keep your head")
@SusCalvin Yes, but it harms people who trade with foreigners and reduces said trade, rather than harming people who do any productive work and reducing all productive work as the income tax does today.
True. You don’t hear bitching from Scandinavia. Because they can see the infrastructure, the free college, the healthcare. Not sure what we get in America besides a huge military.
@@bybycorleone seems like an American problem. East Asia and much of Europe does just fine. And how about profitable state enterprise? That's what China does hence low taxes
Taxes are, to an extent, absolutely necessary insofar as making sure the nation and its people are protected. However, times have changed and so too will taxes and finance. FinTech is the future.
00:00📚 The US tax code is extremely complex, comprising 4 million words compared to Shakespeare's 900,000 words. 00:06📄 Most Americans use the 1040 form, which is simpler but still over 100 pages including instructions. 00:18😖 Taxes are so confusing that 50 professionals gave 50 different answers for the same tax return. 00:26🏠 Historical taxes included window taxes in England and beard taxes in Russia. 01:00🌍 The real debate about taxes involves their motivation: political expediency, social needs, or arbitrary factors. 01:18📜 The earliest known tax record dates back to 6000 BC in modern-day Iraq, with taxes paid in food. 01:46🌾 In ancient Egypt and Babylon, taxes were based on property value and agricultural production. 02:05🏛 Ancient Egyptians used tax avoidance strategies like including figurines in graves to avoid afterlife taxes. 02:38💧 Military expansion funded public works like aqueducts, sewers, and public baths. 02:50📝 Roman Tax Collectors, or "publicani," bid for the right to collect taxes, often leading to collusion and grain hoarding. 03:09💔 Roman citizens pushed back against harsh tax policies, leading to stranger and more complex tax systems over time. 05:25🏰 In medieval Europe, taxes supported the feudal system, with peasants paying a portion of their produce as rent. 06:17👑 The Norman Conquest introduced unpredictable taxes in England, leading to discontent and the Magna Carta. 07:35⚔ The 1381 Peasants' Revolt in England was fueled by economic hardship and oppressive taxes. 09:15💡 The Renaissance brought great art and science, but also innovative tax avoidance and social inequality. 09:56🏠 England's window tax led to bricked-up windows and worse ventilation, causing health problems. 10:05🧔 Russia's beard tax by Peter the Great was aimed at improving public hygiene. 10:30🍍 Trade taxes on luxury goods like exotic fruits widened the wealth gap and funded high society projects. 11:18☕ The Boston Tea Party was a direct protest against British taxation, sparking the American Revolution. 12:19⚔ The French Revolution was driven by an inequitable tax system, leading to the fall of the monarchy. 12:46💼 The Industrial Revolution necessitated more refined and comprehensive tax policies, including income tax. 13:11📜 Napoleon's wars led to the reintroduction of income tax in England, laying the groundwork for modern taxation systems. 13:45🏭 The Industrial Revolution saw improved public services and working conditions funded by income taxes. 14:57🍺 Alcohol and tobacco taxes became a way to generate revenue and influence public health. 15:25🕵 High taxes on alcohol and tobacco led to increased smuggling and black markets.
I cannot imagine Lennon and Washington doing a bake sale. "This is for the proletariat!" "No, this is for the general welfare and the American people!"
remove income taxes and collect all tax money in a consumption / sales tax. no tax forms. just if people want to spend money on non essentials, the system gets its income.
@@himanshusinghal242 well first off the rich don't have income to tax, they have growth of assets they own that they can borrow against. So you already are not taxing the rich through income tax. And the richer you are the more you spend on things. Lots of consumption / sales tax on a yacht. And Essentially zero tax on the poor who are only spending on groceries and rent.
@@michaelmurray2833 It was a sarcastic tone, as I am not the person responcible for tax. I meant that most people would oppose it. and rich generally show luxury expenses as business expense.
If you look at it this way. The economic activity of the general public ultimately pays all direct and indirect taxes. This is because businesses act as tax agents for the government. Even if the company is an offshore tax haven based entity, it can still spend money with other businesses that do pay tax and still employ people who have to pay income tax, which is often collected at source. Think PAYE in the UK.
Income tax is pretty much an indirect tax on companies. Whether I'm being told I'm paid 35 000 taxable £ / year or 28 000 £ / year no taxes owed is irrelevant to me since in both cases 28k land in my pocket and it is actually the company I work for that physically pays these taxes anyway. I believe we are being told we're paying taxes out of social reasons, to give us a sense of purpose, nothing more.
It's the other way around. Company taxes are always paid from the incomes of the people who buy stuff from the company. This is because every business must make enough money to cover all its expenses and still make enough profit to keep the owners interested, or it will be closed down. Company tax is seen as an expense by the business, so the cost of the tax is built into the product just like all the other expenses. Company tax is just personal income tax with extra steps, but most citizens are unaware of this.
I find this idea strangely compelling. In reality you are right. I don't care what my pre-tax income is so long as my post tax income is enough to live the life I want. Tax break for things like kids could then be seen as subsidies where you are straight up handed money for doing things the government likes instead of having your money returned to you. The only way that it really is based on you is if you have a negative tax carry over such as a failed business (like Trump). Then you get to keep tax but the business wouldn't if it was just an employee tax or something. Overall, you have an interesting point that I will need to ponder further. Thank you!
What if taxes were voluntary? Would anyone pay them? What if your contribution to the states budget was proportional to your influence over how the budget was spent. Most people’s biggest issue with taxes is how it is spent, if you’re not contributing what right do have in deciding how the money is spent.
Land value is entirely theoretical, until someone's actually bought your land. Just like the value of the toothbrush that's presumably in your bathroom (that's disgusting, you monster), is entirely theoretical. Sure, you paid like 3 dollars for it when you bought it. But who's going to pay your 3 dollars for your used toothbrush? Who would even pay 10 cents? Something's value can only be fairly and accurately measured at the time of transaction. And if someone comes in and says you have to pay 10% of the value of your tooth brush... well, you go for your 3 dimes, but they say that the market price of a toothbrush is actually 5 dollars.
@@SangoProductions213 As someone who used to work as a property valuer, there are ways to accurately determine land value without actually selling it. It's even possible to value land separately from the buildings or improvements that have been built on it.
In Massachusetts we pay property tax, federal, state and local income tax, luxury tax, prepared food tax, alcohol and tobacco tax, excise tax(vehicle related) and a 20 % tax on non medical marijuana good times
Thanks for the forecast! 📊 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Can someone explain what this is? 😅
11:24 I guess this 100+ year old film didn’t include enough continuity. There’s a portrait of Theodore Roosevelt in what’s supposed to be either an 18th or 19th century setting
taxes are a problem in america and sub developed countries. Most of europe, asia and oceania have it fairly simple and straightforward such as VAT tax for all sales included in the price of goods and services, theres NO state tax and federal tax plus exempts after the price tag. Or how income tax is fairly simple and in brackets easily understandable with very few and clear tax reductions for very specific cases. These tax bureaucracy issues are just a problem in north American and poorly developed countries with mismanaged governments.
I guess the question is, why is tax the only way a government can be funded? That may sound like a dumb question, but it kind of seems like someone just thought this up a long time ago and we've kind of went with it and built on that foundation ever since without ever seriously questioning it. Even Libertarians assume we need taxes to fund the government, and believe the only way to eliminate or reduce them is to shrink government. I'm just wondering if there's really no reason we can't have a big government that is funded by some means other than taxes. Why can't the government make money some other way, like utility bills, dividends from investments, renting out properties that are owned by the public, etc? Where does this idea that it absolutely has to come out of every individual person's paycheck or spending to be fair come from, and why can't we seem to imagine a society that doesn't rely on this? I suspect it may be less of a practical necessity, and more just that not having taxes would somehow raise moral questions about fairness and some imagined conflict of interest rather than because the government actually can't function any other way...
You have countries where the gov makes a lot of money off natural resources. But not all have those, and theres the problem of dutch disease. And given the size of the state, if it becomes a player in the investment market, that would mess it up so hard.
Also check out modern monetary theory. Very tldr, it states that the state can just print money and taxes have the role of redistributing wealth and controlling inflation
@@razvanciobanu1574 That's very interesting. So the purpose of taxes may no longer to be raise revenue for the government in modern fiat economies... but rather it's to remove wealth from the system to avoid inflation. Because if the government kept printing money without removing it from the system, then the money supply would get too large. If we've come to rely on tax as a means of removing money from circulation rather than a means to fund government, then it makes a lot more sense why they still feel it is needed. That really means that taxes in general are no longer what most people think they are... they're a money-destruction scheme to prevent inflation, a way of balancing out what the mint is doing. It even explains why countries keep so much debt on the books... large debt might be preferable if you want money to be tied up and not circulating, and to have any tax revenue just go into a black hole...
people who need to steal to accomplish things are showing you their ideas are awful because they cant convince people to support them on a voluntary basis. people simply assert that taxation(stealing) is necessary when the vast majority of people are able to accomplish things just fine without stealing which demonstrates that no stealing is NOT necessary. stealing is easier than convincing and thats why people do it, why earn the resources when you can just take them by force? people are delusional and have been convinced by sophists that stealing is necessary so that they can continue to justify their behavior.
@@alexclaton Oh, please. If you dont need to make it mandatory, make your own place, when you can Patreon the money needed for a legal system, army, etc.
Our modern world has built up infrastructure that we are paying for forever, things like roads, power and sewer systems. It costs a fortune just to exist in the west!
I wonder if it would be better to work out what the average cost of a person is and having everyone pay that instead of making the well paid (who cost society less), pay more?
I think tax should be simplified as much as possible. Less legal loopholes and exemption. Remove or reduce personal income tax to the most minimum possible. Increase corporate tax. Increase tariffs to foreign industries competing with our own. Remove estate tax. Increase capital gains tax. Increase sin tax and gas tax.
Simplification will likely create more loopholes. Real life is complicated so if taxes don't reflect that more loopholes and unfairness will exist, not less. Plus people's ideas of what is or is not fair is also very subjective. Plus economics comes in and says that certain taxes, like tariffs, are also especially damaging for the revenue they generate. The increased cost of products ends up costing the average citizen more than if the revenue was just taken directly from them.
Be careful what you wish for. Higher corporate taxes will be paid by consumers through higher prices. And higher capital gains tax will stifle economic growth and innovation.
@@markalexander832 not really for capital gains, that will mostly affect share/housing investors who aren’t really providing much. But it will force them to try to do exploits to avoid paying the taxes. E.G taking out loans against portfolios to avoid having to cash out stocks for living expenses.
@@markalexander832 at least by then we will have more disposable income. Denmark, France, and Finland have very high CGT. Yet they remain innovative and growing socio economically
What if, since fiat and not based on any metal, taxes were abolished for sovereign currencies with debt in their own countries, especially with the usd which is a global reserve currency? Its demand would exist even without taxes Mmt
"Here's how History Works!" "Yeah so, the first taxes were invented and recorded in 6,000 B.C....." Well, that does truly sum up the "quality" of information here.
@@molybdaen11 the alternative is holding the people who call themselves the government to the same standard as everyone else and require them to accomplish things without stealing just like everyone else.
Congratulations now you get taxed on absolutely fucking every thing. I would love to go back to the days before income tax and when your windows where taxed.
Beards was punitive tax on what tsar Peter saw as backwards boyars. Measuring streetfront is a easy way to mete tax. Modern VAT or income tax is complex.
Taxes are probably the least concerning thing about Shariah. It's more so that it imposes the death penalty for victimless crimes, enshrines sexism into law, and imposes severe penalties such as amputation of the hand for theft.
I don't like how many libertarians proudly present an alternative. And I see that they have invented the company town, and the new road fee paid to a landowner is totally not a tax.
Just gonna throw this out there... Income tax was supposed to be temporary, like a lot of other taxes that ACTUALLY started the civil war. If you want to believe we fought over slaves, before the war, no taxes, after the war, a bunch of taxes. So if you want to believe the lie, you can't be against taxes, or your racist, for wtf do you think the taxes made up for???? But then again, your probably not racist. Cause it was about money, not slaves. If it was about slaves, the north wouldn't have continued to allow slavery. Don't believe me? Read the 13th amendment. "Slavery is illegal....EXCEPT" So I vote. Everyone stop paying taxes. That's our vote this election. That we are done with the stupidity, that we are done being stupid
Not sure it's the right niche but if anyone's interested in Byzantine history I strongly recommend Schwerpunkt's video on the tributary system, as well as the ones on Diocletian's reforms (capitatio-iugatio, etc.). keep up with the great work! Antonio
Income taxes are theft from working people. Other kinds of taxes are perfectly acceptable because they are a cost for enjoying the success of the whole society. Tariffs, capital gains, corporate profit, sin, sales/VAT, property/LV, and use fees are all somewhere between acceptable and good.
Capital gains are an income tax. Anything that effects income tax effects capital gains. The only reason why it's slightly separate from income tax is because the government realized that people investing and shouldering risk, instead of the government and a few capitalists alone, is generally good for society. If it were just income then why bother investing and risk loss and get taxed all the same for your trouble? It would be like working for 5 years at a game studio and you're not going to get paid unless the game is a success. So the government set the system up so investing would be somewhat worth it, whether to lower your taxes if you messed up investing or to increase your income for the year because you made a success. I would say that capital gains and sales/VAT tax are also a tax on the working people.
If all those other taxes weren't so easy to avoid through deductions, accounting contortions, smuggling, etc, funding services for our society wouldn't have to rely on income taxes.
@@1ProAssassin Capital gains are not even close to the same thing as income tax. Income taxes are on labor. Capital gains taxes are on wealth generating more wealth. VAT is a tax on everyone, but less of a tax on the working class. I suppose it depends on where you live, but usually essentials like food, rent, government services, and domestic utilities are exempt. At the very least, VAT takes the burden off individuals for the accounting and delivery of payment.
There are indeed worse things then taxes. For example there was a time in China where it was frowned to take to much mine farmers in the Han dynasty (around 2% of the total value from the farm a jear) - mostly because many farmers were in debt from poor harvest and greedy landlords. So instead they had to work certain days of the year for free for the lord. And this days could be called any time, comparable to military duty for the poor.
Electronic currency is inevitable, but not until governments figure out they have to control the blockchain itself... or worse, a private company. Once the US dollar becomes to devalued, the masses will demand a replacement. That will be when the change happens. Capitalism itself won't collapse until automation replaces enough individual labor. Once that happens, we'll have very very hard times, and then eventually something better than we have now.
The problem with your statement regarding automation is that it might not replace enough individual labor. It sounds great in theory, but there will be some massive pushback. Also, for electronic currency, there will be cheats like we have now. People will find a way to cheat. Human beings are very creative no matter what medium is used in our lives.
They had roads, walls, a army (which they also had to serve in if they were richer), a Suprisingly strong police, temples, hospitals and general food storages. Not to mention that all the land belongs to the king because the gods stayed so 😮
Taxes, fees, obligations etc could be very local. There is not just the crown and everyone else. Sometimes the tax or fee or fine is to your village. Like your obligation is to keep a stretch of fence repaired.
The thing about "no taxation without representation" is that it goes the other way too - our right to a say in how our government spends our money is based in the fact that it is our money they're spending. Every citizen needs to be paying some tax, and ideally the tax each citizen pays should have a similar impact on their standard of living. In practice, a 1% income tax bracket on a person whose income is too low to supply the basic necessities of life, has more impact on them than a 99% income tax bracket would have on a billionaire. But if we use that 99% tax to ensure that everybody has the basic necessities, we can get closer.
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
I mean banks use block chain to Montier and even create and destroy curreny so how is cyto new exactly? Also how is crypto better then cash and assets?
People who think that taxes are theft are people who do not want government. Very few people in real life would like to live in a world without laws and governments to implement them. A world without taxes and government would be a nightmare of poverty and oppression---and very short lives.
About 50% of US households pay no federal income tax. My household paid $70,000 federal income tax last year. That seems unfair, especially because I know how hard my spouse and I worked to get where we are. So yes, it is theft. We should all be paying the same amount, given that we're all allegedly "equal."
Personally I think people who argue that taxation is theft are really feeling that government hasn't done much to improve our lives. These days they seem to be more interested in asking big companies nicely to make peoples live better instead of using their tax money and legal power to substantially improve things. If governments did more to improve our day to day lives then it wouldn't feel like theft because we would get something. The reality is that for me as a 30 year old, the government hasn't really made anything better since I was a kid so while I understand that my taxes pay for the good things same as when I was a kid it would be nice if we got some new things like maybe a green electrical grid or a functioning passenger rail system.
@@zvmZvm0102 So you think the most effective tax code would tax homeless people as much as Bezos? lol. You think you work harder than day labor, be it construction or agrabiz? You do not. I doubt you could work 10-16 hrs a day in the sun, doing manual labor. It'd break you and your spouse in a month. But you can live without food and shelter, right? You did it all yourself, right? Straight from the mud 💯💯🤣
@@zvmZvm0102 Except a flat tax is a tax that is disproportionately applied to the poor. It may sound like it's the same 10% tax, but 10% of a low income household is the difference between having and not having adequate food to eat or places to stay. Losing 2k per year hurts a lot more for someone making 20k than someone who's making 200k losing 20k. I've been in both positions. I could not afford to pay anything in taxes when I was making minimum wage. I'm making 200k per year, now, and think even the 50k I pay in taxes per year isn't enough.
Taxes are here to stay, but they will have to change. Economics of 20 years ago are nothing like what is done today, but regulations are very slow to catch up.
I think the historical choice in my nation, before it was a nation, was clan society. This is something people sitting wrapped up in a huge nation-state can afford to dream of.
@@SusCalvin Alternative to what? Violence? The initiation of violence is immoral. That's all that you need to know. If something is immoral, is ought to be ended, regardless of whether or not you have an alternative on hand. None the less, I'll give you an alternative. Pay for what you use. So easy and moral. See how simple life is when you remove evil like government? You should learn to stop being evil. it's not a good look for you.
@@mattolivier1835 I think libertarians are way too occupied with high principles and abstractions over the practical side. The first test I try on utopian idealists is to see how they can run a village. Every year we have heavy snowfall in my municipality. How do we ethically deal with it for example. We need someone to transport the stuff and a lot to dump it.
@@SusCalvin Run a village? That right there is your problem. Why do you want to run something? If a person needs someone to transport snow, they need to pay for it because people don't work for free. Stop with your collectivist thinking and figure out what YOU would do. All you have to know is that the initiation of violence is immoral. Keep that in mind when you're deciding what to do. Government violates that principle and is therefore immoral. ALL laws are backed by a threat of violence. That is immoral. ALL human interactions should be voluntary and not based on violence or coercion. Lastly, I'm NOT a libertarian.
@@mattolivier1835 I think this is moving further and further from how to work together. We got snow on the road every year. Who do we pay to clear it away. How do we raise funds for it. Where do we dump it. The amount of snow is enough to make a small mountain. Sometimes it remains into summer. The pure storage of the stuff requires a plot.
I hope the next tax revolution is spending less and taxing less. Or spending our taxes on stuff we actually want. Maybe get rid of the house of representatives and replace with a house for men and a house for women. Maybe then our interests will be represented. Reform the Senate to represent the states. Each governor be made to have a seat on the senate.
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Hey there a scammer with an American flag icon as the top comment. Basically pushing some fraudulent trading “advisor” making 90k a week. It would be very helpful to others if you’re able to delete that
Fun fact! If you want to read 4 Millions words read the entire Wheel of Time book series it is 4.4M words long
It's quite common to see bricked up windows in properties dating from the UK's window tax period, 1697-1851. Quite a few of these are a result of tax avoidance of the window tax.
I believe the tax was known as 'Daylight robbery'
"how else will we fund train lines, paved roads, and hospitals?" - well, in the U.S. we only really do #2 and even that is iffy.
Private businesses can build all these things for us, IF we actually wanted to buy new versions of them, and most of us don't really want new ones, when the old trains, roads, and hospitals are fine, if not developed enough to handle unusual emergencies like Covid.
@@sprinkle61 Private Business that use Tax breaks, public funding and then turn around and charge the people (like a tax?) on such things as Toll ways? Its ALL a scam.
Super iffy even
It’s the ol’ bait and switch. “We need your money so we can fund projects such as healthcare, public transportation, and social security!” And then they end up wasting most of it and spending the rest on unrelated nonsense.
Paved roads and maybe trains will get built if the businesses actually want business
Damn the Egyptians expected the dead to still pay taxes 😅
IRS: write that down, write that down...
The only two things certain in life are death AND taxes; we didn’t say death OR taxes. 😂
In the USA, we have estate taxes. This is pretty much the same thing.
Wait till he he hears about estate taxes 😅
This is why my only religion is gold and black.
"Strange" is a funny way to spell evil
"Is Taxation Theft? Let's go through how state theft worked through millennia in the West. Let's also passively remind people how peasant uprisings were the only thing that got states to stop stealing."
Well, at least it’s not as worse as slavery and massacres.
@@oghataranaI guess that makes it OK then. As long as it's not the worst thing, then stop complaining.
@@ickster23 No offense, but I didn’t mean taxation shouldn’t be complained about. I utterly failed at conveying what I said sarcastically I guess. Keeping those who wield the power in check has always been a challenge for humanity.
@@oghatarana Ah, I missed the sarcasm. It's only because the "at least it's not as bad argument" is used so often to justify bad government and bad policies.
Exactly!!! 👊👊✊✊👏👏👌👌
Anyone making less than the value of a kilograms of gold a year (defined this way due to inflation, and is about $78k) should not see any income tax. They can pay sales tax, but they're not getting by as it is.
No individual human should be taxed whatsoever. Only corporation should be taxed because corporations need the government to exist. The rest of us don't
Also let us not forget the tax proposed by Henry George. A tax on economic rent believed to be so effective it could remove all other taxes and fund the state. It is considered fairest as it impedes on rent seeking behaviour of landlordism.
@@ForageGardener then roads and schools will also be decidede by them,
Railroads and hospitals are privately funded in America, and railroads themselves are taxed.
and thats why there shit
No, they are not. Railroads and hospitals are two of the kost fascist institutions in the united states.
@@authenticallysuperficial9874Define fascism. Our railroads are shit, and our hospitals are blind
A point worth mentioning is that, unlike today, medieval nobles who got tax exceptions did so in exchange for military service. In fact it was sorta the other way around, tax (for example the scutage tax in England) was a way to avoid military service. It wasn't until the French revolution that it became acceptable to both provide military service AND pay taxes.
I can accept taxes, I will not accept government misappropriation of my tax dollars.
You have no choice. Income tax comes out automatically, sales tax and gas tax every time you spend. You just don’t need money?
@Corndogg316 Well, small farmers can sell their good directly amongs eachother and to other people without reporting this so that the money the buyer gives ends up directly in the hand of the seller without any gov in the middle. Of course, this less safe because it is no longer the job of authorities to involve if something goes wrong, but the goal is still reached.
Misappropriation? It's not a deal. It's theft.
This was insanely light from a historical perspective. You brush over topics so quickly and with the briefest of explanations. A lot of your 'research' and insight really does come across as if you have only read wikis and some articles, not several well established books on the topic.
You make a video
@@Bit-Crafter What happens if I have criticisms about a book I read - Do I also then need to write one myself? I wonder if you'd expect the same from yourself than you do from me
It's still a nice primer.
@@TyrasHelmthis is a great come back but not everybody has time to watch a 3 hour video on usury maybe you should thank him for spreading awareness and inciting intrigue instead you lout
You when the 20 minute RUclips video doesn't give in depth nuanced perspectives on every single tax even from the past 3000 years: 🤬🤬🤬
I mean, if you think about it we do fund the country partially off of bake sales, since baked goods are subject to taxes.
There's a difference between running a bake sale and committing armed robbery against a bake sale you stumble across.
@@authenticallysuperficial9874except you didn’t stumble across it. The bake sale is located in a territory you control militarily and defend from others who would destroy the whole bake sale while also educating the owners from K-12 all for a percentage cut of the profits
Building a pyramid and getting paid with beer seems... fair enough 😂😂😂
Watching from Kenya, intresting coincidence u have uploaded this when we are right in the middle of protesting against our government introducing an oppressive tax laws.
The actors and background change but the story stays the same.
@@molybdaen11 Exactly!!! ✊✊
Don’t let em start. It never ends once it does
It's one thing to pay tax. It's another thing to overpay tax to fund
greed in government and lavish lifestyles at the expense of the poor.
It's the same thing. You shouldn't be so naive about it, expecting something different than that of a mafia.
Taxes are something you honestly can’t live without (and i dare You to give me an example where it’s ever worked without.) and something you can’t live with. It’s like living with a sibling that you don’t like, but what the hell what are you gonna do, kick them out.
It was always supposed to be a pooling of resources for the public benefit. A supply of food in winter, extra resources for repairs, raw materials for construction of infrastructure. It ended up being the origin of corruption of officials. Suddenly the king owns everything, or the official in charge of a resource has consumed it for their own benefit.
Its worked in a few places in the world with 'ancap' societies such as Acadia and Cospaia :)
The amenities payed by taxes are mostly non-exclusive because of the commercial housing market. If someone would want a tax system with opt-out tiers, they would have to create different residental zones for the different services. That already sounds overcomplicated, but it would be possible.
We should repeal the 16th ammendment.
I understand sales tax for smaller things (it's also the only way to effectively tax the rich) but taxing people based on how much money they make is evil imo. Sales tax can become an issue when they are used to shape behavior, but still.
A property tax I am also mostly against, but less so than income tax, its less evil than income tax at least.
Agreed.
I think another large shift in tax policy in more recent times has been the idea that targeted tax deductions or credits can be a direct substitute for government spending. It sounds good in theory but eventually the tax code gets so convoluted and complicated that only people who can afford to pay someone else to do their taxes can effectively plan to take advantage of them.
Always thought it increases the bureaucratic burden. Paying someone to overtax ane rebate others when correcting.
Train lines, paved roads, and hospitals are actually the easiest items to find private funding for.
Bro can you stop blackpilling I can only lift so many times a day
The hard thing with taxation is no matter what form you have either tariffs, property taxes, income, etc. Each form will disproportionately affect someone in some way, thats why the US tax system is so complex because they try close loopholes and create incentives for certain activities and implementing it in a way to tax those with the ability to pay and who recieve the benefits of the tax. For example gas tax going to road infrastructure, property tax going to schools, SS and medicare being paid and utilized by low and middle income households. Its a difficult problem to solve.
You understand it a complex problem requires a complex solution
Wow, I really wasted time typing that paragraph print damn money
Land Value Tax makes more sense than every other tax. There’s a limited amount of land in a nation which ultimately belongs to that nation. It’s also impossible to evade and it’s straight forward
@@joemacdougall9205 the problem with that, is different industry's require different amounts of land, are you saying a farmer should be taxed more than google because a farmer needs more land? If you say it should be based in the value of the land, then who determines the value and what method should be used?
It's a moral problem. People keep trying to live off of others, instead of working for themselves, voluntarily cooperating with others, and aiming to keep the fruits of their labor for themselves.
Government is a necessary evil. Keep it small and focused only on the fundamental functions.
"no taxes is good taxes, that's my motto!"
what's weird, that in many so called advanced regions of the world governments consume at least 50% from every monetary unit earned, spend, saved and not spend and nobody bats an eye on this.
in czech and germany for example that number goes up to 60% and people still defend their tax systems there.
That is 60% of absolute slavery.
This is only weird from the perspective of those with an irrational hatred of taxes in general. I'm not going to debate policy here, but those that "don't bat an eye" are simply those that find it acceptable to pool their money to get the infrastructure and services they desire. Stuff needs to be paid for either way, but in theory some people would rather just pay for the road, instead of paying for the road + the super yachts of the shareholders. In practice, of course, your mileage may vary.
@@edumazieriIt sounds like you prefer the bloated salaries and pensions of government employees, as well as the endemic waste and inefficiency of government services.
@@markalexander832 ...as opposed to the highly efficient, ethical and underpaid corporate majority shareholders?
Next time you check a "richest people" list, let me know how many public sector employees are on there before you complain about salary bloat.
But if you feel like they are overpaid or not performing or whatever, just elect different representatives. That's privilege you don't have with the private sector.
@@edumazieri Whether someone got rich off the use of taxes isn't the point of the objections, the actual problem is that the total percentage in tax is too high, the money is taken with the force of Government Guns, and then epiKly poorly spent, by a bunch of uncaring bureaucrats, and corrupt politicians. Take the infamous 'Bridge to Nowhere'. This was a bridge to a remote island in Alaska that has 50 residence and a small airport. The projected cost was about 400 million dollars, which was funded by the Federal government of the US in 2005, and the bridge as proposed would actually have been bigger than the Golden Gate Bridge. If you go to this island, you will see no bridge, everyone still takes ferries to the island, as they always have, but all OUR tax dollars allocated for this bridge were spent, just not on even this lame but maybe marginally useful bridge. It turns out that 25 million Federal dollars was spent on a road leading to the place where the bridge was to be built, but when you drive to the end of OUR cool $25 million dollar road, there is no bridge, and no ferry, either, or anything useful. What we got for our 25 million dollars was actually a 'Road to Nowhere', that has no use at all. This is the problem. If some private business person built a useless Road To Nowhere, and even if they somehow made money on it, the rather large advantage to some private dork doing it is I DON'T HAVE TO PAY FOR THIS CLEAR GARBAGE. This is key. And you know what ? Most likely a rich person would NOT build a road to nowhere, because they didn't get rich throwing away money, but the INCENTIVES of bureaucrats are completely different and warped, and they have no problem building useless roads, as long as they can take the money from the rest of us by force to do it, THIS is the problem. Bad incentives. Also, 'Voting Harder' does NOT solve the bad incentive problem, both because members of both parties do this kind of wasteful spending, but also power tends to go back and forth every few elections, so even if Vote Hard for a non-bad candidate (which doesn't exist), there is still a 50 % chance that the other corrupt guy wins, and then your 50 % tax is flushed down the rathole of roads and pretend bridges to nowhere...
That bit about the Egyptian after life tax and how they tried to avoid them is choice hilarity. >:D
Shortly before the French Revolution, the Chancellery of the Exchequer (Dept of Finance) had been 'cooking the books' for political reasons and lying about. Meaning they had far less money to deal with crisis then they claimed. From the 'Revolutions' podcast in the French Revolution chapter
Could have put the Kenya tax protests in the video would have fit very well into this😢.
I am happy to pay taxes that fund my society. However, I hate paying taxes that subsidize those who have more than I do. Corporate entities and high net worth individuals need to pay their fair share.
What's a "fair share"?
@@HaimRich94more
Not to mention, politicians......
Subsidies much?
@@HaimRich94 "Fair share" typically means "everyone making more than me should pay for everything." Like when Bernie Sanders became a millionaire he stopped criticizes the "millionaires and billionaires" and only criticized the "billionaires" thereafter.
As long as people are organised in groups with a common goal there will always be taxes
Nope. Thievery is not a prerequisite for human society and cooperation. In fact, it is the opposite thereof.
@@authenticallysuperficial9874yes it is a prerequisite because it’s necessary for defense of which without you will be annihilated by those who do organize a military to crush you. Learn what happened to the conquered and know why that is bad enough to tolerate taxation
@@authenticallysuperficial9874taxation is cooperation and organisation though. Its the only thing that connects every person within a country in a material way
Remember how baggage fees were just to help airlines recover from the travel disruptions of 9/11?
Pepperidge farm remembers.
Don't worry, the free market will figure it out!
*Sarcasm
We probably should get rid of Capital Gains tax. It doesnt make sense to me. Why in the hell is Capital Gains taxed lower than income, its all income, but Capital Gains dont do shit for productivity which is the most important part for the majority of the population.
So basically we have 90% of population taxed much higher for producing stuff than the 10% who arent producing anything... Combine that with stock market valuations having nothing to do with the actual productivity/assets of the company and it dont look too good :D
Take Tesla for an example, its valued at more than the next 10 automakers combined, despite having much less profit and a fraction of assets that the others have.
The collapse is gonna be bad and a lot of people are gonna starve to death but maybe then we will get another New Deal that means prosperity for an average citizen for 50-100 years before we do it all again!
The new deal didn’t work.
If you want proof it didn’t, look at what happened in 1920-21 (which was far worse then 1929 and onward) and compare how the United States and Japan reacted.
Notice how Japan tried the new deal before it was cool… and had the exact same issues the *cool* new deal did.
And how the United States tried… *the right thing* and was fine (until the stock market crashed, but that’a a seperate issue)
No-one ever talks about that though… I wonder why…
Thought the main reason for peter the great's beard tax was to make russia look more western (where beards had fallen out of fashion). Also, didn't he later completely criminalize beards (eg "you can keep your beard and lose your head, or lose your beard and keep your head")
It was best before 1913 when import taxes (or tariffs) funded much of the U.S. federal government.
That is in effect a tax on stuff you want to buy.
@SusCalvin Yes, but it harms people who trade with foreigners and reduces said trade, rather than harming people who do any productive work and reducing all productive work as the income tax does today.
@@authenticallysuperficial9874 The USA is effectively a large internal market already.
People don't mind taxes, even high ones, if they see the funds are used to their benefit.
I beg to bloody differ. The state will always spend the money worse than you
True. You don’t hear bitching from Scandinavia. Because they can see the infrastructure, the free college, the healthcare. Not sure what we get in America besides a huge military.
Learn about Dead Weight Loss
@@bybycorleone seems like an American problem. East Asia and much of Europe does just fine. And how about profitable state enterprise? That's what China does hence low taxes
@@duckpotat9818that’s unsustainable as shown by the massive subsidies required and massive debt to gdp ratio
Taxes are, to an extent, absolutely necessary insofar as making sure the nation and its people are protected. However, times have changed and so too will taxes and finance. FinTech is the future.
if stealing is necessary then why isnt everyone allowed to do it?
00:00📚 The US tax code is extremely complex, comprising 4 million words compared to Shakespeare's 900,000 words.
00:06📄 Most Americans use the 1040 form, which is simpler but still over 100 pages including instructions.
00:18😖 Taxes are so confusing that 50 professionals gave 50 different answers for the same tax return.
00:26🏠 Historical taxes included window taxes in England and beard taxes in Russia.
01:00🌍 The real debate about taxes involves their motivation: political expediency, social needs, or arbitrary factors.
01:18📜 The earliest known tax record dates back to 6000 BC in modern-day Iraq, with taxes paid in food.
01:46🌾 In ancient Egypt and Babylon, taxes were based on property value and agricultural production.
02:05🏛 Ancient Egyptians used tax avoidance strategies like including figurines in graves to avoid afterlife taxes.
02:38💧 Military expansion funded public works like aqueducts, sewers, and public baths.
02:50📝 Roman Tax Collectors, or "publicani," bid for the right to collect taxes, often leading to collusion and grain hoarding.
03:09💔 Roman citizens pushed back against harsh tax policies, leading to stranger and more complex tax systems over time.
05:25🏰 In medieval Europe, taxes supported the feudal system, with peasants paying a portion of their produce as rent.
06:17👑 The Norman Conquest introduced unpredictable taxes in England, leading to discontent and the Magna Carta.
07:35⚔ The 1381 Peasants' Revolt in England was fueled by economic hardship and oppressive taxes.
09:15💡 The Renaissance brought great art and science, but also innovative tax avoidance and social inequality.
09:56🏠 England's window tax led to bricked-up windows and worse ventilation, causing health problems.
10:05🧔 Russia's beard tax by Peter the Great was aimed at improving public hygiene.
10:30🍍 Trade taxes on luxury goods like exotic fruits widened the wealth gap and funded high society projects.
11:18☕ The Boston Tea Party was a direct protest against British taxation, sparking the American Revolution.
12:19⚔ The French Revolution was driven by an inequitable tax system, leading to the fall of the monarchy.
12:46💼 The Industrial Revolution necessitated more refined and comprehensive tax policies, including income tax.
13:11📜 Napoleon's wars led to the reintroduction of income tax in England, laying the groundwork for modern taxation systems.
13:45🏭 The Industrial Revolution saw improved public services and working conditions funded by income taxes.
14:57🍺 Alcohol and tobacco taxes became a way to generate revenue and influence public health.
15:25🕵 High taxes on alcohol and tobacco led to increased smuggling and black markets.
I cannot imagine Lennon and Washington doing a bake sale. "This is for the proletariat!" "No, this is for the general welfare and the American people!"
Good. Both were murderers.
@@authenticallysuperficial9874 name one person who didn't benefit from murder, including you
remove income taxes and collect all tax money in a consumption / sales tax.
no tax forms.
just if people want to spend money on non essentials, the system gets its income.
A Great Idea. The government must stop this evil activity of collecting Income tax.
How will I tax rich then
@@himanshusinghal242 well first off the rich don't have income to tax, they have growth of assets they own that they can borrow against. So you already are not taxing the rich through income tax. And the richer you are the more you spend on things. Lots of consumption / sales tax on a yacht. And Essentially zero tax on the poor who are only spending on groceries and rent.
@@michaelmurray2833 It was a sarcastic tone, as I am not the person responcible for tax. I meant that most people would oppose it. and rich generally show luxury expenses as business expense.
No taxes!
Shots fired at the smash bro community
If you look at it this way. The economic activity of the general public ultimately pays all direct and indirect taxes. This is because businesses act as tax agents for the government. Even if the company is an offshore tax haven based entity, it can still spend money with other businesses that do pay tax and still employ people who have to pay income tax, which is often collected at source. Think PAYE in the UK.
I just hate taxes
Income tax is pretty much an indirect tax on companies. Whether I'm being told I'm paid 35 000 taxable £ / year or 28 000 £ / year no taxes owed is irrelevant to me since in both cases 28k land in my pocket and it is actually the company I work for that physically pays these taxes anyway. I believe we are being told we're paying taxes out of social reasons, to give us a sense of purpose, nothing more.
You forget the part where the work hrs for 35k are more than 28k
It's the other way around. Company taxes are always paid from the incomes of the people who buy stuff from the company. This is because every business must make enough money to cover all its expenses and still make enough profit to keep the owners interested, or it will be closed down.
Company tax is seen as an expense by the business, so the cost of the tax is built into the product just like all the other expenses. Company tax is just personal income tax with extra steps, but most citizens are unaware of this.
I find this idea strangely compelling. In reality you are right. I don't care what my pre-tax income is so long as my post tax income is enough to live the life I want. Tax break for things like kids could then be seen as subsidies where you are straight up handed money for doing things the government likes instead of having your money returned to you. The only way that it really is based on you is if you have a negative tax carry over such as a failed business (like Trump). Then you get to keep tax but the business wouldn't if it was just an employee tax or something. Overall, you have an interesting point that I will need to ponder further. Thank you!
What if taxes were voluntary? Would anyone pay them?
What if your contribution to the states budget was proportional to your influence over how the budget was spent.
Most people’s biggest issue with taxes is how it is spent, if you’re not contributing what right do have in deciding how the money is spent.
You are militarily obligated to defend the state thus you have a say in how it’s run
We could have had a land value tax instead of an income tax but nooo🙄
Taxing people that are too busy working is easier than taxing people that have nothing better to do than jump through loopholes.
Land value is entirely theoretical, until someone's actually bought your land. Just like the value of the toothbrush that's presumably in your bathroom (that's disgusting, you monster), is entirely theoretical. Sure, you paid like 3 dollars for it when you bought it. But who's going to pay your 3 dollars for your used toothbrush? Who would even pay 10 cents?
Something's value can only be fairly and accurately measured at the time of transaction.
And if someone comes in and says you have to pay 10% of the value of your tooth brush... well, you go for your 3 dimes, but they say that the market price of a toothbrush is actually 5 dollars.
@@SangoProductions213 As someone who used to work as a property valuer, there are ways to accurately determine land value without actually selling it. It's even possible to value land separately from the buildings or improvements that have been built on it.
In Massachusetts we pay property tax, federal, state and local income tax, luxury tax, prepared food tax, alcohol and tobacco tax, excise tax(vehicle related) and a 20 % tax on non medical marijuana good times
Why only land? Why not tax the value of your house, your car, your dog, your stamp collection and everything else you own, too?
Thanks for the forecast! 📊 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Can someone explain what this is? 😅
11:24 I guess this 100+ year old film didn’t include enough continuity. There’s a portrait of Theodore Roosevelt in what’s supposed to be either an 18th or 19th century setting
He defies time and space.
17:27 Who's that guy?
Taxes are theft mfs when thier neighbor (who uses taxes to fund a strong military) conqueres them:😮
taxes are a problem in america and sub developed countries.
Most of europe, asia and oceania have it fairly simple and straightforward such as VAT tax for all sales included in the price of goods and services, theres NO state tax and federal tax plus exempts after the price tag.
Or how income tax is fairly simple and in brackets easily understandable with very few and clear tax reductions for very specific cases.
These tax bureaucracy issues are just a problem in north American and poorly developed countries with mismanaged governments.
I guess the question is, why is tax the only way a government can be funded? That may sound like a dumb question, but it kind of seems like someone just thought this up a long time ago and we've kind of went with it and built on that foundation ever since without ever seriously questioning it. Even Libertarians assume we need taxes to fund the government, and believe the only way to eliminate or reduce them is to shrink government. I'm just wondering if there's really no reason we can't have a big government that is funded by some means other than taxes. Why can't the government make money some other way, like utility bills, dividends from investments, renting out properties that are owned by the public, etc? Where does this idea that it absolutely has to come out of every individual person's paycheck or spending to be fair come from, and why can't we seem to imagine a society that doesn't rely on this? I suspect it may be less of a practical necessity, and more just that not having taxes would somehow raise moral questions about fairness and some imagined conflict of interest rather than because the government actually can't function any other way...
You have countries where the gov makes a lot of money off natural resources.
But not all have those, and theres the problem of dutch disease.
And given the size of the state, if it becomes a player in the investment market, that would mess it up so hard.
Also check out modern monetary theory. Very tldr, it states that the state can just print money and taxes have the role of redistributing wealth and controlling inflation
@@razvanciobanu1574 That's very interesting. So the purpose of taxes may no longer to be raise revenue for the government in modern fiat economies... but rather it's to remove wealth from the system to avoid inflation. Because if the government kept printing money without removing it from the system, then the money supply would get too large. If we've come to rely on tax as a means of removing money from circulation rather than a means to fund government, then it makes a lot more sense why they still feel it is needed. That really means that taxes in general are no longer what most people think they are... they're a money-destruction scheme to prevent inflation, a way of balancing out what the mint is doing. It even explains why countries keep so much debt on the books... large debt might be preferable if you want money to be tied up and not circulating, and to have any tax revenue just go into a black hole...
people who need to steal to accomplish things are showing you their ideas are awful because they cant convince people to support them on a voluntary basis.
people simply assert that taxation(stealing) is necessary when the vast majority of people are able to accomplish things just fine without stealing which demonstrates that no stealing is NOT necessary.
stealing is easier than convincing and thats why people do it, why earn the resources when you can just take them by force? people are delusional and have been convinced by sophists that stealing is necessary so that they can continue to justify their behavior.
@@alexclaton Oh, please.
If you dont need to make it mandatory, make your own place, when you can Patreon the money needed for a legal system, army, etc.
Our modern world has built up infrastructure that we are paying for forever, things like roads, power and sewer systems.
It costs a fortune just to exist in the west!
You really said smash bros tournament. So true
01:20 6,000 bc ? writing was not invented yet
I wonder if it would be better to work out what the average cost of a person is and having everyone pay that instead of making the well paid (who cost society less), pay more?
Can anyone explain the setup for the drone shots in this video?
I think tax should be simplified as much as possible. Less legal loopholes and exemption. Remove or reduce personal income tax to the most minimum possible. Increase corporate tax. Increase tariffs to foreign industries competing with our own. Remove estate tax. Increase capital gains tax. Increase sin tax and gas tax.
Simplification will likely create more loopholes. Real life is complicated so if taxes don't reflect that more loopholes and unfairness will exist, not less. Plus people's ideas of what is or is not fair is also very subjective. Plus economics comes in and says that certain taxes, like tariffs, are also especially damaging for the revenue they generate. The increased cost of products ends up costing the average citizen more than if the revenue was just taken directly from them.
increasing the "sin" tax will be called racist
Be careful what you wish for. Higher corporate taxes will be paid by consumers through higher prices. And higher capital gains tax will stifle economic growth and innovation.
@@markalexander832 not really for capital gains, that will mostly affect share/housing investors who aren’t really providing much. But it will force them to try to do exploits to avoid paying the taxes. E.G taking out loans against portfolios to avoid having to cash out stocks for living expenses.
@@markalexander832 at least by then we will have more disposable income.
Denmark, France, and Finland have very high CGT. Yet they remain innovative and growing socio economically
What if, since fiat and not based on any metal, taxes were abolished for sovereign currencies with debt in their own countries, especially with the usd which is a global reserve currency? Its demand would exist even without taxes
Mmt
I keep reading texas
Me too. Weird
read better
Do you have Pop-screen?
10:38 You're saying Hourage instead of Our Age.
#RejectFinanceBill 2024 Kenya
"Here's how History Works!"
"Yeah so, the first taxes were invented and recorded in 6,000 B.C....."
Well, that does truly sum up the "quality" of information here.
Society needs a stark reminder that taxation is theft.
I get that stark reminder every April 15.
I mean it's worse. Theft is you don't know you're losing money. It's extortion.
The question is: Whats the alternative?
Letting the state own power, water and communication and spend the money earned for public services?
@@molybdaen11 Private power, water, communication, transportation.
@@molybdaen11 the alternative is holding the people who call themselves the government to the same standard as everyone else and require them to accomplish things without stealing just like everyone else.
Bro wtf me and my ma were literally just talking about how people back in the day used to get taxed on the stupidest things like beards and windows
Congratulations now you get taxed on absolutely fucking every thing. I would love to go back to the days before income tax and when your windows where taxed.
Beards was punitive tax on what tsar Peter saw as backwards boyars.
Measuring streetfront is a easy way to mete tax. Modern VAT or income tax is complex.
People outrage when Shariah imposes fractional taxes, yet they are ok with such tax systems. 😂
Taxes are probably the least concerning thing about Shariah.
It's more so that it imposes the death penalty for victimless crimes, enshrines sexism into law, and imposes severe penalties such as amputation of the hand for theft.
Was the script for this video generated by AI? Very unfocused and doesn’t really have a point
Like taxes
not shit i does not have a point, its a history video.
its just trying to explane the history of taxes not of they are bad/good
I don't like how many libertarians proudly present an alternative. And I see that they have invented the company town, and the new road fee paid to a landowner is totally not a tax.
thats a weird looking ancient egyptian
cool!
Just gonna throw this out there... Income tax was supposed to be temporary, like a lot of other taxes that ACTUALLY started the civil war.
If you want to believe we fought over slaves, before the war, no taxes, after the war, a bunch of taxes.
So if you want to believe the lie, you can't be against taxes, or your racist, for wtf do you think the taxes made up for????
But then again, your probably not racist. Cause it was about money, not slaves. If it was about slaves, the north wouldn't have continued to allow slavery. Don't believe me? Read the 13th amendment. "Slavery is illegal....EXCEPT"
So I vote. Everyone stop paying taxes. That's our vote this election. That we are done with the stupidity, that we are done being stupid
By not paying taxes the government can Jail you.
I prefer unemployment. No income tax.
I'd rather go to prison.
It's a Tough Life in Prison.
This video was a little harder to follow than your normal fare. Felt disconnected.
Not sure it's the right niche but if anyone's interested in Byzantine history I strongly recommend Schwerpunkt's video on the tributary system, as well as the ones on Diocletian's reforms (capitatio-iugatio, etc.). keep up with the great work! Antonio
How dare you insult Smash Bros?!
Income taxes are theft from working people. Other kinds of taxes are perfectly acceptable because they are a cost for enjoying the success of the whole society. Tariffs, capital gains, corporate profit, sin, sales/VAT, property/LV, and use fees are all somewhere between acceptable and good.
Pretty much agree, unfortunately we see work being taxed more than capital gains, at least where I live
Tariffs are never good.
Capital gains are an income tax. Anything that effects income tax effects capital gains. The only reason why it's slightly separate from income tax is because the government realized that people investing and shouldering risk, instead of the government and a few capitalists alone, is generally good for society. If it were just income then why bother investing and risk loss and get taxed all the same for your trouble? It would be like working for 5 years at a game studio and you're not going to get paid unless the game is a success. So the government set the system up so investing would be somewhat worth it, whether to lower your taxes if you messed up investing or to increase your income for the year because you made a success. I would say that capital gains and sales/VAT tax are also a tax on the working people.
If all those other taxes weren't so easy to avoid through deductions, accounting contortions, smuggling, etc, funding services for our society wouldn't have to rely on income taxes.
@@1ProAssassin Capital gains are not even close to the same thing as income tax. Income taxes are on labor. Capital gains taxes are on wealth generating more wealth. VAT is a tax on everyone, but less of a tax on the working class. I suppose it depends on where you live, but usually essentials like food, rent, government services, and domestic utilities are exempt. At the very least, VAT takes the burden off individuals for the accounting and delivery of payment.
Louvre palace? I think you meant to say Versailles?
The Louvre was also a royal palace before it became the art museum it is today.
We have no problem with the renovation of Versailles, but Louvre, that is one huge palace too far..
-French people, probably
There are indeed worse things then taxes.
For example there was a time in China where it was frowned to take to much mine farmers in the Han dynasty (around 2% of the total value from the farm a jear) - mostly because many farmers were in debt from poor harvest and greedy landlords.
So instead they had to work certain days of the year for free for the lord.
And this days could be called any time, comparable to military duty for the poor.
income tax = peaseant tax
the rich dont have incomes.
Electronic currency is inevitable, but not until governments figure out they have to control the blockchain itself... or worse, a private company. Once the US dollar becomes to devalued, the masses will demand a replacement. That will be when the change happens.
Capitalism itself won't collapse until automation replaces enough individual labor. Once that happens, we'll have very very hard times, and then eventually something better than we have now.
The problem with your statement regarding automation is that it might not replace enough individual labor. It sounds great in theory, but there will be some massive pushback. Also, for electronic currency, there will be cheats like we have now. People will find a way to cheat. Human beings are very creative no matter what medium is used in our lives.
You're a master of your craft! 🎭 - "The only place where success comes before work is in the dictionary."
Bot.
Taxes are going to get really interesting in about 10 - 20 years when AI and robots have taken all the jobs and we have an 80% unemployment rate.
In agrarian societies peasants didn't need roads, so taxing them was stealing.
They had roads, walls, a army (which they also had to serve in if they were richer), a Suprisingly strong police, temples, hospitals and general food storages.
Not to mention that all the land belongs to the king because the gods stayed so 😮
@@molybdaen11
Only kings and their entourage really needed those.
The early modern period states are largely machines for war.
The problem is that next to you are five other machines for war.
@@1wun1 You need to move stuff to the mill or the market.
There is a much funkier system of obligations, monopolies and rights.
Taxes, fees, obligations etc could be very local. There is not just the crown and everyone else.
Sometimes the tax or fee or fine is to your village. Like your obligation is to keep a stretch of fence repaired.
10:20 Shots fired!
The thing about "no taxation without representation" is that it goes the other way too - our right to a say in how our government spends our money is based in the fact that it is our money they're spending. Every citizen needs to be paying some tax, and ideally the tax each citizen pays should have a similar impact on their standard of living.
In practice, a 1% income tax bracket on a person whose income is too low to supply the basic necessities of life, has more impact on them than a 99% income tax bracket would have on a billionaire. But if we use that 99% tax to ensure that everybody has the basic necessities, we can get closer.
What about communism?
I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
What private bank 🏦 so individual(s) aka people like you and I have control over us? Hmmm 🧐 so who is us vs them?? 😮
I mean banks use block chain to Montier and even create and destroy curreny so how is cyto new exactly? Also how is crypto better then cash and assets?
Its really not, its just for those that want to avoid their money being tracked, be it tax or other legalities.
Takk fyrir frábært myndband! 🇮🇸
Basically, an instruction to break through IRS loopholes...
why are you talking like that
What’s your opinion on this?
People who think that taxes are theft are people who do not want government. Very few people in real life would like to live in a world without laws and governments to implement them. A world without taxes and government would be a nightmare of poverty and oppression---and very short lives.
About 50% of US households pay no federal income tax. My household paid $70,000 federal income tax last year. That seems unfair, especially because I know how hard my spouse and I worked to get where we are. So yes, it is theft. We should all be paying the same amount, given that we're all allegedly "equal."
Personally I think people who argue that taxation is theft are really feeling that government hasn't done much to improve our lives. These days they seem to be more interested in asking big companies nicely to make peoples live better instead of using their tax money and legal power to substantially improve things. If governments did more to improve our day to day lives then it wouldn't feel like theft because we would get something. The reality is that for me as a 30 year old, the government hasn't really made anything better since I was a kid so while I understand that my taxes pay for the good things same as when I was a kid it would be nice if we got some new things like maybe a green electrical grid or a functioning passenger rail system.
@@zvmZvm0102 So you think the most effective tax code would tax homeless people as much as Bezos? lol. You think you work harder than day labor, be it construction or agrabiz? You do not. I doubt you could work 10-16 hrs a day in the sun, doing manual labor. It'd break you and your spouse in a month. But you can live without food and shelter, right? You did it all yourself, right? Straight from the mud 💯💯🤣
@@zvmZvm0102 Except a flat tax is a tax that is disproportionately applied to the poor. It may sound like it's the same 10% tax, but 10% of a low income household is the difference between having and not having adequate food to eat or places to stay. Losing 2k per year hurts a lot more for someone making 20k than someone who's making 200k losing 20k.
I've been in both positions. I could not afford to pay anything in taxes when I was making minimum wage. I'm making 200k per year, now, and think even the 50k I pay in taxes per year isn't enough.
@@VideoGameMarimbist Agreed
The order of the alphabet is not arbitrary. It is very precisely put into alphabetical order.
First!❤
Tax is socialism.
Depends if you think Bismarck was a socialist.
Taxes are here to stay, but they will have to change. Economics of 20 years ago are nothing like what is done today, but regulations are very slow to catch up.
Tax is extortion. Minimize government.
correct tax is extortion. remove government, we don't need people to be able to do what is considered wrong for everyone else.
I think the historical choice in my nation, before it was a nation, was clan society.
This is something people sitting wrapped up in a huge nation-state can afford to dream of.
No need to even watch the video. Taxation is theft by definition. Theft is immoral. Ipso facto, taxation is immoral. Enough said. Case closed son.
I think you must present an alternative. Which like in other utopian movements is hard.
@@SusCalvin Alternative to what? Violence? The initiation of violence is immoral. That's all that you need to know. If something is immoral, is ought to be ended, regardless of whether or not you have an alternative on hand. None the less, I'll give you an alternative. Pay for what you use. So easy and moral. See how simple life is when you remove evil like government? You should learn to stop being evil. it's not a good look for you.
@@mattolivier1835 I think libertarians are way too occupied with high principles and abstractions over the practical side. The first test I try on utopian idealists is to see how they can run a village.
Every year we have heavy snowfall in my municipality. How do we ethically deal with it for example. We need someone to transport the stuff and a lot to dump it.
@@SusCalvin Run a village? That right there is your problem. Why do you want to run something? If a person needs someone to transport snow, they need to pay for it because people don't work for free. Stop with your collectivist thinking and figure out what YOU would do. All you have to know is that the initiation of violence is immoral. Keep that in mind when you're deciding what to do. Government violates that principle and is therefore immoral. ALL laws are backed by a threat of violence. That is immoral. ALL human interactions should be voluntary and not based on violence or coercion. Lastly, I'm NOT a libertarian.
@@mattolivier1835 I think this is moving further and further from how to work together. We got snow on the road every year. Who do we pay to clear it away. How do we raise funds for it. Where do we dump it.
The amount of snow is enough to make a small mountain. Sometimes it remains into summer. The pure storage of the stuff requires a plot.
I hope the next tax revolution is spending less and taxing less. Or spending our taxes on stuff we actually want. Maybe get rid of the house of representatives and replace with a house for men and a house for women. Maybe then our interests will be represented. Reform the Senate to represent the states. Each governor be made to have a seat on the senate.