We can re-ignite our economy by re-inventing taxes

Decribe your idea

Take a look at www.thetransactiontax.org We can transform our economy, government and society by replacing our Federal income tax, corporate tax, capital gains tax, estate tax, excise tax, and payroll tax with a single 0.35% tax on anything that we buy or sell. This tiny little tax would enable us to get rid of annual tax returns and free up billions in resources that currently are wasted on complying with a complicated tax code. This tiny tax would finally treat all business and all individuals equally, whether they are Goldman Sachs or the local pizza restaurant. Whether they are a banker or a school teacher. This new tax system would have profound effects on our economy and society.

Why do you want to share your idea with TEDxUChicago in 2013?

U of Chicago’s Chicago School is renowned around the world for its Economics program. Its been the home of economic theory in the western world for the 20th century. Its the perfect venue to discuss a new tax concept that proposes replacing the system we have had for 80+ years with one that leverages modern technology to change how taxes are collected. It would have massive positive impact on our economy and industry. No more tax returns would save billions of hours and trillions of dollars. No more tax lobbying would force companies to ask for direct government grants. Far lower taxes and simplified tax system would encourage middle class to spend and build companies. the list goes on.. more info at thetransactiontax.org

How will you share your idea in a creative way?

take a look at www.thetransactiontax.org I would enable guests to instantly calculate their transaction tax and compare it to their current taxes. I would share stories of our efforts to grow a grassroots movement - and show how people in the audience can get involved. I would share stories about our Transaction Tax trials, and our co-sponsorship of The Great Tax Debate during the 2012 election.

Discussion

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