A civilized society is concerned with the health and safety of others and takes care of those who cannot take care of themselves, but a civilized society does not force individuals to participate in society. According to the principle of voluntarism, a government should not, for example, force an individual to buy health insurance, nor…
Category: voluntary consumption tax
Tax on Wall Street
According to Prospect.org, instituting a Financial Speculation Tax could rein in some of the worst excesses of financial markets that too often operate like casinos. By increasing the costs of placing trades, the tax would moderate trading activity generally, but it would most strongly deter short-term trades rather than longer-term investments. Importantly, for example, an…
Consumption Tax
Taxing products such as alcohol, tobacco, junk food, recreational drugs, fossil fuels, and fossil fuel by-products–many of the products that contribute to poor health–could be a way of funding public health services. A consumption tax is voluntary tax if citizens can choose not to buy inessential items. Advocates of the consumption tax say that taxing…
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