Comments on: Progressive Expenditure Tax (PET) http://www.howtoliveinthe21stcentury.org.uk/submissions/progressive-expenditure-tax-pet Wed, 08 Sep 2010 08:47:35 +0000 http://wordpress.org/?v=2.6.2 By: free online paid surveys http://www.howtoliveinthe21stcentury.org.uk/submissions/progressive-expenditure-tax-pet#comment-152803 free online paid surveys Sat, 15 May 2010 07:17:07 +0000 http://www.howtoliveinthe21stcentury.org.uk/?p=312#comment-152803 If you enjoyed this post you will doubtless like this site too: http://www.winfreegiftcardsonline.com . It is an awesome website for earning gift vouchers online . If you enjoyed this post you will doubtless like this site too: http://www.winfreegiftcardsonline.com . It is an awesome website for earning gift vouchers online .

]]> By: Jolyn Beckenbach's Pet Portrait http://www.howtoliveinthe21stcentury.org.uk/submissions/progressive-expenditure-tax-pet#comment-149163 Jolyn Beckenbach's Pet Portrait Mon, 03 May 2010 07:03:48 +0000 http://www.howtoliveinthe21stcentury.org.uk/?p=312#comment-149163 I've been searching for this information for questions I've had myself and I want to thank you for the awesome blog post! I found your information very interesting, your a great author. I'll make sure to bookmark your page and return in the future. Keep up the great work, have a great day! I’ve been searching for this information for questions I’ve had myself and I want to thank you for the awesome blog post! I found your information very interesting, your a great author. I’ll make sure to bookmark your page and return in the future. Keep up the great work, have a great day!

]]> By: Gussie Stoffer http://www.howtoliveinthe21stcentury.org.uk/submissions/progressive-expenditure-tax-pet#comment-137766 Gussie Stoffer Sun, 21 Feb 2010 10:27:32 +0000 http://www.howtoliveinthe21stcentury.org.uk/?p=312#comment-137766 Good Job on the articles you have here, thank you for putting your time into it! Good Job on the articles you have here, thank you for putting your time into it!

]]> By: Savings Account http://www.howtoliveinthe21stcentury.org.uk/submissions/progressive-expenditure-tax-pet#comment-125210 Savings Account Tue, 22 Dec 2009 04:15:35 +0000 http://www.howtoliveinthe21stcentury.org.uk/?p=312#comment-125210 Did it take much time to research this article? It's really well written, nice job on it for sure. Did it take much time to research this article? It’s really well written, nice job on it for sure.

]]> By: adrianpotts http://www.howtoliveinthe21stcentury.org.uk/submissions/progressive-expenditure-tax-pet#comment-10438 adrianpotts Fri, 27 Feb 2009 23:16:44 +0000 http://www.howtoliveinthe21stcentury.org.uk/?p=312#comment-10438 How is this different from Thatcher's policy of reducing income tax and increasing VAT? Shifting taxation from direct to indirect always hurts the poor more. The biggest savers (relatively and in absolute terms) are the super rich. So how will this tax contribute to wealth redistribution? It won't! How is this different from Thatcher’s policy of reducing income tax and increasing VAT? Shifting taxation from direct to indirect always hurts the poor more. The biggest savers (relatively and in absolute terms) are the super rich. So how will this tax contribute to wealth redistribution? It won’t!

]]> By: David Chester http://www.howtoliveinthe21stcentury.org.uk/submissions/progressive-expenditure-tax-pet#comment-167 David Chester Thu, 18 Dec 2008 14:40:10 +0000 http://www.howtoliveinthe21stcentury.org.uk/?p=312#comment-167 The biggest thing that people take from our community is the opportunity to equal rights in the use of the natural resources namely land. So logically what the writer is asking in practice is to tax land values, see the proposal on this subject by Carol Wilcox. The biggest thing that people take from our community is the opportunity to equal rights in the use of the natural resources namely land. So logically what the writer is asking in practice is to tax land values, see the proposal on this subject by Carol Wilcox.

]]> By: Alison Smith http://www.howtoliveinthe21stcentury.org.uk/submissions/progressive-expenditure-tax-pet#comment-138 Alison Smith Mon, 08 Dec 2008 12:20:52 +0000 http://www.howtoliveinthe21stcentury.org.uk/?p=312#comment-138 I like the idea of taxing spending rather than income as a means to discourage consumption, but I can see several problems with this. 1. Is this not pretty similar to existing VAT? 2. This could be seen as very regressive - high earners would not be taxed on their income, and their spending is probably normally a much lower proportion of their earnings than for low earners. 3. People are already rewarded for saving via interest payments. They don't need an extra reward. 4. What about "altruistic" spending such as charity donations, and consumers who choose to pay higher prices for organic, fair trade or energy efficient goods? Instead I would much prefer resource taxes or carbon quotas, together with recycling of revenues to low earners as income tax relief or grants. I like the idea of taxing spending rather than income as a means to discourage consumption, but I can see several problems with this.
1. Is this not pretty similar to existing VAT?
2. This could be seen as very regressive - high earners would not be taxed on their income, and their spending is probably normally a much lower proportion of their earnings than for low earners.
3. People are already rewarded for saving via interest payments. They don’t need an extra reward.
4. What about “altruistic” spending such as charity donations, and consumers who choose to pay higher prices for organic, fair trade or energy efficient goods?

Instead I would much prefer resource taxes or carbon quotas, together with recycling of revenues to low earners as income tax relief or grants.

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