Understanding The Distinction in Taxes by Country

Executive Summary

• There are significant differences of taxes by country. However, the image changes when one realizes that taxes are only necessary to create a demand for the money of a country and to reduce purchasing power.

Introduction

There is a long-term debate over the proper level of taxation. For example, countries in Scandanavia are known to have high-income tax rates. When a country has a high-income tax rate, it is often called socialist. And those in countries with lower tax rates will often state that this reduces the motivation to work. However, taxes are only necessary when a country gives up its right to create a private bank. Under a scenario where every central bank was public, there would be no necessity for taxes. Therefore every country uses its own money to pay for social services, the common defense, infrastructure projects, etc. Naturally, this would be a great gain for workers who would not have to pay taxes. However, while conservatives and mainstream economists will complain about high taxes and socialism, they will never accept public central banks — even though this would eliminate the item they say they oppose — which in higher levels of taxation. The reason for this inconsistency is straightforward — conservatives and mainstream economists (whether they fully realize it or not) support private banking interests.