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  • scottzzz 6:45 pm on 2011-02-02 Permalink | Reply
    Tags: Taxes   

    Fools and their Taxes 

    Wichita has seemed to like to fool around with taxes. The state is likely to give us the opportunity to try some new ones. I don’t like the tiny, targeted tax-messing-around-with districts and whatever. If we were going to be on the leading edge of all of that, the first application should have been for a core area tax to fill the arts funding cut at the state level. If every time I buy a drink or a candybar downtown, I know I’m tipping the musicians and the artists, I’d be exceptionally fine with that.

    But that’s just dinking around at the fringes in the grander scheme. We could build Wichita into a tax oasis, such that businesses would be moving to Wichita rather than holding our Council hostage for payoff money.

    How would this work? Well, we would need to do a bit of social de-engineering, and pretend for a moment that if we were to relax our tendency to want to pick winners and losers, let’s forget what someone is paying for, forget the valuation of the properties, forget the income level of the individual or business, or whether anyone should pay any particular tax or not.

    Then take the entirety of everyone’s tax bill, moving out into the onion, including the federal. Determine what percentage of every monetary transaction would need to be collected to pay that bill? That would be the whole of the equation.

    A derivative of this sort of model could be simple the monetary export tax, where every transaction is tax-free so long as the money stays here in Wichita. As soon as it hits the wire to some fatty on Wall Street, we’d hit that with a tax. We aren’t exporting money here, we’re exporting products and trying to hold on to what we’ve made.

    I like that version in a way, because the tax burden for Wal-Mart, for example, doesn’t kick in until they ship it out. They would pay their employees tax-free, pay health care benefits tax-free, yet the profit export would see that burden.

    Yes. It is a protectionist policy, but also an aggressive move to keep those great companies we have, lower the barrier to entry to entrepreneurs, foster a keeping it local attitude, while attracting other businesses to the American Tax Haven.

    I had always really been working on this plan at a national level. The central banks of the world have considered something like this for themselves, but those systems by now are on their last legs.

    The most straightforward case I’ve ever heard made about corporate taxes was by “Timothy” AntiTerrorist: http://www.youtube.com/user/TheAntiTerrorist#p/u/1/kBt8xEWP7RU

    Anyway. Corporate taxes have the opposite effect of what is advertised. This is true of nearly any incentives proffered like rat bait, to try to draw some company or corporation in to maybe help us pay our taxes and offer a couple jobs. It’s honestly a strange inducement the way it plays.

    Corporations pit communities against one another to maximize the size of their heist. I don’t particularly hold any ill will to anyone involved, because that’s simply how things are done in this world, and if we do not have a response to that sort of arbitrage, then we’re going to be held hostage to some degree.

    So instead of playing into that, we sweeten the deal with a city-wide local enterprise fund, designed to offset all higher-level taxation. This turns the current regime on its ear, because it allows home rule to interpose itself between it’s commerce, and the filthy hands of politicians in far-off places.

    I would love to host the celebration of the presentation of the largest tax-offset checks, because that would highlight how effectively we can innovate and nullify where we don’t as a community agree with regards to how it would be imposed upon us.

    Most people don’t realize that for every dollar KS gets from the federal government, we sent them $1.50. As it seems that the state government has been interested in abolishing the corporate income tax, I say we can do them one further, and extend that same break to individuals as well.

    If anyone is interested in the numbers behind this, I’ll go on, and I know it could be years before such a plan could be phased in, but we owe it to ourselves and our community to do as much for ourselves as we can, and to stand against dictates from distant, compromised powers.

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  • scottzzz 3:44 pm on 2011-02-02 Permalink | Reply
    Tags: , CID, , Taxes   

    Under what circumstances do you think community improvement districts should be used in Wichita? What do you think of the council’s decision requiring a business to post a sign indicating it is taking part in a CID but not revealing how much the extra sales tax is? 

    Never. How about turning Wichita into tax haven, instead? Forcible “reinvestment” (redististribution) is exactly backwards. Develop tax-free zones where you want to draw commerce into. This idea does the opposite. How about a downtown tax to fill gaps in new state arts funding? We need a lot more debate before we just sign off on these schemes.

     
    • scott4mayor 4:41 pm on 2011-02-02 Permalink | Reply

      I hate 75 word limits. I’d like to hear any upsides to CID’s from any who support them.

      • TakeMyMayor--Please! 6:03 pm on 2011-02-02 Permalink | Reply

        I don’t think most people know what they are, a hidden sales tax increase. The Council wouldn’t even agree to put that fact on the sign that’s supposed to ‘unhide’ this tax.

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