Tuesday, April 19, 2011

The Greatest Tax Reform Of All Times In Honor Of Benjamin Franklin

Posted: 4/19/2011 Updated: 4/15/2015

Update 4/15/15

Just learnt of this quote from one of Ayn Rand’s books titled “The Virtue of Selfishness” (emphasis added):
In a fully free society, taxation—or, to be exact, payment for governmental services — would be voluntary. Since the proper services of a government—the police, the armed forces, the law courts—are demonstrably needed by individual citizens and affect their interests directly, the citizens would (and should) be willing to pay for such services, as they pay for insurance.”

I fully agree!

A Tax Reform Like No Other

It is not utopian. It would be a triumph of individual freedom and responsibility. Such a tax reform would instantly solve so many problems with taxation. Too many to list here. The benefits of such a radical reform probably far outweigh the concerns. Politicians and civil servants would be held accountable like never before. The beast would be starved. No Taxation Without Representation was the beginning. Taxation Without Coercion is next.

A Tip Of The Hat To Benjamin Franklin

Benjamin Franklin wrote “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”. Taxes will still be certain, but the people will finally be able to vote with their money, because voting by feet is inconvenient. What would Benjamin Franklin think about voluntary taxes?

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