That is the simplicity and beauty of this e-debit tax. Even...

  1. 45,800 Posts.
    That is the simplicity and beauty of this e-debit tax.

    Even shifting money in a family trust etc would have a very small ticket clipped.

    Cash economy would be meaningless because as you say it has to be withdrawn by someone and eventually it's deposited by someone. Every transaction taxed. Nothing can escape.

    But the trade off is nearly all other taxes would be eliminated. Especially income tax. It would transform the economy into a powerhouse.
 
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