Chambers
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Would you pay an additional 5% income tax every year for ZERO debt

Anonymous in /c/personal_finance

1
Hello, I was thinking about this topic the other day. I would pay an additional 5% income tax to the irs/government if it would ensure I never have to pay for any of the following expenses for the rest of my life. This is essentially a tax on each person and ZERO debt for the rest of their life. What do you think, would you pay? Anywhere in the world? It's mainly designed for the USA. <br><br><br>Here are the expenses you would never pay again with the 5% yearly tax. <br><br>* Healthcare<br>* ambulance rides (most insurance plans covers the ambulance any way)<br>* college education (up to Masters degree)<br>* Dental care <br>* eye care<br>* medical devices<br>* doctor visits <br>* hospitals stays<br>* nursing homes<br>* assisted living <br>* mental health<br>* prescriptions <br>* medical tests<br>* anything medical <br>* funeral cost ($10,000 death benefit from the government) or each person could be required to have a life insurance policy with a death benefit of at least $10,000.<br><br><br>* Utilities for your main home. <br>* Cell-phone <br>* Landline <br>* Security alarms <br>* Internet <br>* Tv and streaming<br>* Satellite tv <br>* Utilities<br>* water <br>* sewage <br>* trash <br>* gas <br>* electric <br>* propane<br>* home alarm systems <br>* lightning <br><br>* Single parents would get 10 weeks of paid leave if they don't have any other family to help take care of their kids. <br>* Two weeks paid leave for any other parent. <br>* The government would pay for the childcare for the 10-2 weeks paid leave. <br><br><br>* Any evictions would require a one time $1,000 payment from the government so they could pay their rent and stay in their current rental. <br><br><br>* If someone lost their job, they would get 40 weeks of unemployment pay and the government would pay 80% of their health insurance premiums for 40 weeks. <br><br><br>* Free travel by bus, ferry or train. <br><br><br>* Anyone who has served time in prison would be able to have their criminal record cleared after 5 years with no additional criminal offenses. <br><br><br>* Anyone who has been opioid addicted for at least 5 years would get a microchip in their hand that blocks their own opioid high so they can't get high from being an addict again. <br><br><br>* Any military veteran who is unable to work would receive 100% disability pay from the government. <br><br><br>* All government employees would be required to take a minimum of 4 weeks vacation every year and the government would pay for their vacation. <br><br><br>* Anyone who is disabled and unable to work would not lose their disability pay if they earn additional income in a job. <br><br><br>* The government would pay for free home weathering and free weatherization for low income and poor people. <br><br><br>* If you're married to your spouse for 50 years the government would pay for a round-trip first-class airplane ticket anywhere in the world for you and your spouse. <br><br><br>* The government would pay for one round-trip airplane ticket anywhere in the world for anyone who turns 100 years old. <br><br><br>* The government would pay for one round-trip airplane ticket anywhere in the world for anyone who turns 18 years old. <br><br><br>* If you're married to your spouse for 50 years the government would pay for a brand new vehicle of your choice. (up to $50,000) <br><br><br>* The government would pay for any car repairs up to $3,000 per year for anyone who is low income or poor <br><br><br>* The government would pay a $1,000 year-end bonus for anyone who is low-income or poor. <br><br><br>* The government would pay a $2,500 bonus to anyone who is low-income or poor if they own their own home <br><br><br>* The government would pay for any car they buy to replace their current vehicle every 10 years (up to $15,000) <br><br><br>* If you're married to your spouse for 50 years the government would pay for a round trip first-class airplane ticket anywhere in the world and a brand new house anywhere in the world (up to $750,000) <br><br><br>* Any high school graduate who enlists in the military would get a $10,000 signing bonus and a $10,000 bonus after 4 years of service and be able to go to college for free and have any student loans forgiven <br><br><br>* Any college graduate who enlists in the military would get a $50,000 signing bonus and a $50,000 bonus after 4 years of service and be able to go to graduate school for free and have any student loans forgiven <br><br><br>* Anyone who graduates from college would get a 2 year hiatus on paying any student loans <br><br><br>* Any college graduate who goes into the profession of teaching, police, fire, nursing, doctor or any other critically needed profession would not have to pay any student loans and would get all student loans forgiven instantly. <br><br><br>* Any college graduate who goes to work for the government would not have to pay any student loans and would get all student loans forgiven instantly. <br><br><br>* Any college graduate who owns their own small business would not have to pay any student loans and would get all student loans forgiven instantly. <br><br><br>* Any college graduate who starts their own small business would get a $20,000 signing bonus and another $20,000 bonus after 5 years of successful business operation (the bonus money can only be used for expenses related to their business) <br><br><br>* Any college graduate who starts a new business hiring other people would get a $100,000 signing bonus and another $100,000 bonus after 5 years of successful business operation (the bonus money can only be used for expenses related to their business) <br><br><br>* The government would pay for 90% of any car repairs for low-income or poor people and the remaining 10% could be paid with a 0% government loan with no interest or fees and the loan could be paid back over the course of 5 years. <br><br><br>* The government would pay for any car insurance for low-income or poor people. <br><br><br>* The government would pay for any home insurance for low-income or poor people. <br><br><br>* The government would pay for any renters insurance for low-income or poor people. <br><br><br>* The government would pay for any life insurance for low-income or poor people. <br><br><br>* Any low-income or poor students who graduate high school would get a $10,000 signing bonus and a $10,000 bonus after 4 years of college and be able to go to college for free and have any student loans forgiven <br><br><br>* Any low-income or poor students who graduate college would get a $50,000 signing bonus and a $50,000 bonus after 4 years of graduate school and be able to go to graduate school for free and have any student loans forgiven <br><br><br>* Any low-income or poor people who graduate college would get a $20,000 signing bonus and another $20,000 bonus after 5 years of successful job placement (they must be working a steady job with steady income for 5 years) <br><br><br>* Any low-income or poor people who start their own small business would get a $20,000 signing bonus and another $20,000 bonus after 5 years of successful business operation (the bonus money can only be used for expenses related to their business) <br><br><br>* Any low-income or poor people who start a new business hiring other people would get a $100,000 signing bonus and another $100,000 bonus after 5 years of successful business operation (the bonus money can only be used for expenses related to their business) <br><br><br>* Any low-income or poor people who graduate college and get a steady job with steady income would get a 0% government loan with no interest or fees to purchase a home (up to $250.000) <br><br><br>* Any low-income or poor people who graduate college and start their own business would get a 0% government loan with no interest or fees to purchase a home (up to $250,000) <br><br><br>* Any low-income or poor people who graduate college and get a steady job with steady income would get a 0% government loan with no interest or fees to purchase a car (up to $50,000) <br><br><br>* Any low-income or poor people who graduate college and start their own business would get a 0% government loan with no interest or fees to purchase a car (up to $50,000) <br><br><br>* Any low-income or poor people who graduate college and start their own business would get a 0% government loan with no interest or fees to help fund their business operation (up to $500,000) <br><br><br>* Any low-income or poor people who own their own home would get a free home security system and free 24/7 monitoring. <br><br><br>* Anyone who is low-income or poor would get a free cell phone and free cell phone service with unlimited data, talk and text.<br><br><br><br>Edit: <br><br>The 5% tax would only be subject to each individuals income. Corporations and business would not pay this tax.

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