Yes pretty much Marketinfo . It could quite possibly not need be so high .
One nation touted a transaction tax of two percent against a gst rate of ten percent . From modeling that worked out around 12 percent .
The costs of law and administrations of tax would be one of the huge incentives imo
A huge hole in the corporate economy would need be filled jobs wise but the extra savings could be worth it .
Its still a you earn more you pay more system which is fair imo
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