-Image by Copilot Welcome back Class! Hope you had a great weekend! Last time we covered why we need more tax revenue and why we are looking to you. Today we will look at where this should come from. Raising Additional Revenue Several measures have been proposed and they are broadly as outlined below. A brief discussion on the merits or otherwise of each follows. · Increasing Consumption Taxes (Goods and Services Taxes) · Increasing Income Taxes · Increasing Taxes on Companies · Capital Gains Tax (CGT) · Increasing Taxes on Wealth · Automation Taxes Increasing Consumption Taxes I know many of you would prefer an increase in consumption tax because it would spread the load over the entire community and be in proportion to the...
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