A bit tax is an indirect tax, like the gasoline tax, and collecting it doesn't increase govt debt.
arthur From: [email protected] [mailto:[email protected]] On Behalf Of Keith Hudson Sent: Thursday, August 16, 2012 8:42 PM To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION Subject: [Futurework] Arthur's 5th belief At 21:17 15/08/2012, Arthur wrote: 5. That money will be found (from a bit tax, a tobin tax, some other form of turnover indirect tax) to provide a basic income, or to provide spending for some other type of workfare activivities in the third sector. A consensus of the evidence from all existing advanced Western nation-states (particularly from high-welfare Nordic countries) is that total government taxation of around 40/45% of GDP is as much as governments can manage without stumbling into deep debt. Some countries are beyond any possibility of redeeming that debt already (e.g. Japan, Greece, Hungary, Ukraine) and others are now reaching the very edge of possible redemption by means of austerity for many years (e.g. Spain, Portugal, UK, Italy, US). All others are at various stages in between with only a few governments (e.g. Finland, Germany) with a chance of reducing their debts. Even the latter might not be able to afford basic incomes or workfare schemes. Keith Keith Hudson, Saltford, England http://allisstatus.wordpress.com <http://allisstatus.wordpress.com/>
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