TAX is not theft, apparently avoiding it is not crime
We are taxed to pay for the things we demand
Some pay tax so others do not have to
We can look at a new capitalism that changes forever how much we pay
By making everyone pay
We would pay less therefore spend more
Capitalism feeds on growth

What if your kid sells the boat and it transfers ownership 10 times?
Armchair Critic,
Yes, because every time it got sold the seller got paid ! It's not just about the item it's about someone selling to get money in return !

Well lets say there;s some form of tax every time the boat changes hands
- For the sake of argument, we'll call it 'stamp duty' -

tax on tax on tax on tax...
Whilst your asset devalues;
The government cashes in on every transfer of ownership
And the money you used to pay for boat was money leftover after income tax, and you also paid a goods and services tax.

Sound like a fair system? No.

AC can we agree Capitalism is not quite what it should be
Can we too consider while it is evolving as it should, it could be far better
TAX that hip pocket nerve thing seems to have taken our eyes away from the question, is Capitalism working as best it can
If the answer is no, can we, as part of improving capitalism not killing it, we improve the tax system
Last is every one, no exceptions, paying a fairshare unfair

Hey Belly,
I honestly don't know enough about the in's and out's of the tax system to be able to offer any kind of meaningful solutions.

If you want to build a better system however, than you have to firstly identify all the faults and flaws with the old system, and I'm not too bad when it comes to identifying faults and flaws in an idea.

All I was trying to do was point out the difference between a fair tax system and a pyramid scheme tax system in principle, and in potential situations where the government double dips, with the result being equal to charging a higher tax rate in the first instance; or worse that the government enjoys 'compound taxes' like compound interest.

There's plenty of kinks and flaws in the systems we have.
Of course these systems can always be fine-tuned and improved, and they probably need to be as you suggest.

Armchair Critic,
How many times have we witnessed the kids blowing everything the parents worked hard for ?
Why ? Because it was given to them for nothing so there is no sense of value & respect. Were they required to pay inheritance tax/duty etc I'm sure most would be way more responsible with what they receive for no effort.