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Pure Capitalism

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Pure Capitalism

    My idea of the perfect government could be called “Pure Capitalism”. It is based

on survival of the fittest and not all people are created equal. To explain this government

I will compare it to our current system. The biggest concept is that the people have

complete control of most all economic conditions.

    Taxes: I do not believe in an income tax, I want to choose what I do with my

money. Income in my view is a form of double taxation. To make up for the loss of no

income tax, the sales taxes would be increased, not only would this allow people to have

more control over there money it would virtually eliminate tax fraud. The sales tax could

not tax food intended for consumption, clothing, or other Basic necessities of life. On

average products the rate would be a flat percentage rate, and on products considered

luxiourus the rate would be exponential, much like our current income tax system. A new

administration would be formed to control the rates and stop double taxation. The

inheritance tax would be abolished, if I want to work hard my life, throw all of my money in

the bank, and leave it to my kids so that they can sit around doing nothing till the day

they die, I shouldn’t have to pay for politicians to do sit around there whole life too.

    Welfare: The current welfare program pisses me off. In pure capitalism there

would be a one year minimum for basic welfare, after that, all you ...

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Submitted by: 123student
Date Submitted: 01-19-07 4:04am
Category: Business
Words: 726
Pages: 2.9