top | item 40064716

(no title)

mdekkers | 1 year ago

I don’t believe all taxes are equal, or bad. But some are terrible, such as this one.

discuss

order

tux3|1 year ago

I agree this one is terrible, but I don't think it's because this one is racketeering.

If we think this tax is a racket, we should equally think that all taxes are a racket. That's because your "Try not paying it" argument applies to all taxes.

If we think this tax is uniquely bad, there should be another reason that it's bad. Which is my point.

kazinator|1 year ago

It depends on the interest rate. A 5% interest may be a legitimate loan; 70% interest is in the territory of loan sharking.