Comments by "雪 桜川" (@yuki-sakurakawa) on "" video.

  1. What do you think about replacing the income tax entirely with a maximum wage (and benefits equating) that mirrors the minimum wage? Why have a min but no max? Conversely, what do you think of replacing minimum wage with a negative income tax?
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  2. Does anybody have an opinion on changing the entire debt-based system? I don't mean with communism or anything. I mean, debt is replaced with equity. If you want to buy a home, you don't ask for a bank loan. Instead, the bank invests a percentage in your family (let's say 20%). You could buy back your equity or continue to pay agreed upon dividend annually (essentially a mortgage).
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  3. ​@joesterling4299 Little late, but a simple equation could be used by most people instead of the bracket system to achieve what you're referring to. Remember though, tax companies lobby congress and would hardly want to lobby themselves out of money.
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  4. What do you think about replacing the income tax entirely with a maximum wage (and benefits equating) that mirrors the minimum wage? Why have a min but no max? Conversely, what do you think of replacing minimum wage with a negative income tax?
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  5. Little late, but if I may ask: If you're making, let's say $9.9 million from your YouTube videos, why would you contemplate leaving Australia if it had a 70% income tax rate on income over $10 million as it wouldnt affect you? Even if you made $10,000,100, you'd only be taxed at the 70% rate on the amount over $10 million ($100). As such, you'd pay $70 extra. Not a socialist by any means, but please remember, the social welfare system was in place partially to stave off a communist revolution in many countries. Starving and homeless people aren't just going to curl up and die. They will mobilize and fight back. The social welfare system was a necessary compromise with the govt and business to continue capitalism. Lastly, if you made it this far (sorry), do you think a 3 tiered VAT/sales tax could replace the income tax without aggravating the balance described? 0-15% for essentials (housing, food), 25-75% for average goods, and 100-200% for luxury goods? Please adjust percentages if you want (I did say replace income tax).😊
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