What is the best way to tax people?

Australian Coat of Arms (adopted 1912)

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What is the best way to tax people? Countries around the world use different approaches. Which do you think is best? Or should their be no taxes at all? What does it mean for everyone to pay their fair share?

Australian has this cultural idiosyncrasy that suggests “you get what you pay for” or more simply “if you want it, you pay for it”. If you take this idea to taxation, I propose this — everyone pays a flat tax of 15% of their wages and another 10% on any item or service they purchase or use…except for a list of basic foodstuffs and essential services.

The problem is who collects the taxes, how are they divided and who gets the money. Right now, every level of government puts their hands into your wallet and takes a piece. If we were to implement a more standardised approach to taxation it would have to be collected and administered Federally but divided by State and County (not by city).

It’s not glamorous and I’m sure there are loads of problems and pitfalls but I think we need to start looking at how we are governed and how our money is being spent by those we elect. That’s the message I take away from the Occupy movement.