Captn'D said, "Let me ask you a question. Do lifehours get taxed?"
Yes. Even if no government existed as a taxing authority, all of our hours
of life get taxed, for life is a series of problems that tax our time. How
much our hours of life are taxed--in symbols or substance--depends on what
we do with our time and the taxing of our time.
"Let me ask you a question. Do lifehours get taxed?"
As an developing honest currrency to serve as a symbol of our current time,
it is a fair question whether lifehour currency should be taxed like dollars
in sales and wages. Independent of how life does tax the hours of our life
with problems, the question of taking or taxing part of our lifehour symbols
is a fair question which can be answered after reviewing a few pricinciples
First of all, all transactions of goods and services should be taxed their
fair share of the cost of economic
transaction tax. If everyone does not pay their fair share then some
must pay more than their fair share. Or, we suffer economic instability,
chaos and collapse because economic stability is not fairly and fully funded.
The real question is not whether lifehours should be taxed but how?
Do you want your real hours of life taxed over and over by unsolved problems?
Do you want to pay part of your symbols of time (taxes of lifehours) to solve
the problems efficiently, inexpensively and effectively?
The question is not "are lifehours taxed" but "how best to tax lifehours."
Taxes can be distinguished in several ways.
Obvious versus less obvious:
Obvious taxes are income and social security taxes.
Less obvious are gas taxes in which one pays an advertised price from which
part is forwarded to the taxing authority.
Hidden taxes are best because, emotionally, some people cannot deal with
taxes any more than they can deal with balancing their checkbook
Before wages or after wages.
After wage taxes are very familiar--income and social security.
Before wage taxes are less obvious--unemployment compensation.
Sales taxes: Less obvious, less wage connected
Obvious but after wages.
Consumption tax is an unfair wage tax, for a person who spends all of his
wages is taxed on 100% of wages.
Unemployment taxes (SUTA and FUTA) show a lot about taxes.
If unemployment tax is 3% then the employer pays the government 3% which
otherwise could go to the employee. If unemployment taxes were collected
after wages, employers would raise wages by 3% with a corresponding deduction
This case shows how financially, at the bottom line, it does not matter whether
taxes are collected before or after wages, on the job or at the gas pump.
The cost of economic stability has to be paid if one is to have jobs, homes
The tax questions are where are taxes collected and how fair are they collected.
(Spending taxes to solve problems is another question, a question of political
competence and corruption.)
Ideal taxes would be fair, unobvious and before wages. By having a lifehour
tax that achieves these three points, one can have the best tax and see how
taxes make government better rather than worse.
A basic principle of the lifehour tax is that not only should all transactioins
be taxed fairly but that a percentage of all human time is needed to solve
common, public problems.
Does it matter whether, like unemployment taxes, a person is paid 100% with
3% being withheld or a person is paid 97% with the other 3% sent to the taxing
The Lifehour Tax: Within Timism.com, as lifehours are generated to compensate
people for solving problems, a percentage will be added to the taxing authorities
in a percentage basis, e.g., Local 50% ... State 25% ... National 15% ...
Global 10%. When a lifehour transaction occurs, percentages are automatically
transferred to the taxing authorities
Properties of the lifehour tax
Fair: Every transaction, that is, everyone, is taxed the same rate whether
buying a lollypop sucker or the lollypop factory.
Unobvious: The tax is paid silently when it transfers through the economic
system. There is no bloated bureaucracy, time lag or tax-cheats.
Separate from wages/payment (a product transactioin tax): The participants
in the economic transaction does not see a tax deduction for it is separate
from either parties.
Time management: The primary, real and existential role of government is
time management. The lifehour taxing authorities directly control time by
virtue of receiving citizens' lifehours in symbols as well as substance through
execution of the citizens' symbollic lifehours in buying time to solve public
It is important to remember that lifehours are received for solving public
problems so the lifehour tax is a multiplication of problem-solving so as
to maximize free time for citizens. Free time is quality time, that is, time
free from time-wasting problems.
Historical precedents and antecedents of a silent lifehour tax:
1913: The lifehour tax implements more fairly the principles on which the
Federal Reserve and Internal Revenue were organized in 1913.
Federal Reserve: Because the American and global economies were growing faster
than the supply of currencies based on precious metals (gold and silver),
commerce was being restricted from the lack of adequate currency.
This was a major reason for the Federal Reserve which was to increase the
money/currency supply to match the the growing economy using Federal Reserve
In effect, because currency is the blood of an economic body, it is important
to have a blood/money supply that complements a healthy growing body without
the effects of high blood pressure (inflation) or low blood pressure (deflation).
In effect, each time the Federal Reserve creates a Note out of thin air,
it is taxing the existing working currency and existing workers' time.
Oversimplified, but to the point, if the Fed doubles the money supply, it
has affected a 50% tax upon workers' wealth.
The Internal Revenue Service came into existence to address another economic
problem from growing global commerce. Taxing External Revenue Sources (tariffs)
was constricting trade.
Using the body blood analogy, the external revenue taxes were like placing
leeches on a person--the body could not get fully healthy with chronic
Unfortunately, the nature of the IRS today with unfair taxation is to raise
the specter of a blood-sucking tax system.
The 1930's Depression was reversed using an economic tool called "deficit
spending" from the theories of John Maynard Keynes.
From a timistic perspective, consider what deficit spending means. Instead
of a steady, methodical creation of lifehour symbols as a percentage of on-going
problem-solving, the government initiates a crash generation of currency
symbols to buy/manage the time of the unemployed.
Keynesian deficit-spending is a chaotic reaction while lifehour taxation
is a creative proaction. Like the Federal Reserve issuing notes, deficit-spending
is a tax on current workers. (In fact, deficit spending goes hand-in-hand
with the Fed's money-from-nowhere when the Fed purchases the Treasury paper
issued to finance deficit spending.)
Lifehours today as a better global and local currency to correct trade and
Anyone who thinks the current global currencies are promoting global stability
are ignoring the growing global civil war from the economic chaos of currency
injustices--the WTO and IMF.
As new currencies were needed in 1913 and 1930 to address economic upheavels,
so are new currencies needed today that are tailored to not only global trade
but to individual national, state and local economic/political units.
Timism.com has achieved this by the creation of global democracy for better
When you have idea democracy which honestly rewards problem-solvers in the
units of the wealth they create (time/lifehours), then one has idea capitalism.
Democracy per diem begets capitalism per capita.
Optimal democracy brings out optimal pride in people, and optimal capitalism
brings out the optimal profits in business.
Quality Control Tools for Higher
'Links To': Pages linked to by this page:
Refs General ... !RefsRvu ... !Dir.nts) InfoLinks
||Link Label on this page
||Webpage Title of Link file
No Incomplete Links:
No HTTP:// Links:
No Dated Links:
Annotated References: HTB
No Internal Links, Absolute (non-dated):
No Internal Links, Relative (non-dated and ignore lifehour credit links):
No Current Directory Links
'Links From' Pages linking to this page:
)No IndexDir ...
Refs General ... !RefsRvu ... !Dir.nts) InfoLinks
||Link In From
||Webpage Title of Link In file
||Lifehours Index of Webpages