[talktime]

The greatest trick the devil ever played was income tax. It disincentives productive endeavor. 0% corporate and income taxes would usher in a huge productive renaissance. In the US, It could be entirely funded with a 2% wealth tax on the top 2% (personal wealth above ~$10 million). All those IRS workers would be freed up to engage in productive activity too.

[dools]

It doesn't need to be "funded". Government spending creates money and taxes destroy it. The role of taxation is to drive demand for currency, and drain money out of the economy. It can also be used to disincentivise behaviour. But tax cuts don't need to be "funded", because governments have no issue with affordability -- they issue the currency.

Video on how this works: https://www.youtube.com/watch?v=i35uBVeNp6c

Book on how this works: http://www.amazon.com/Modern-Money-Theory-Macroeconomics-Sov...