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What if the US Abandoned Income Tax Today? - A Catastrophe

发布时间 2019-08-12 19:00:02    来源

摘要

Everyone hates paying income tax, but we know that it is essential in running the government. But is that actually true as many countries don't have income tax nor sales tax. So, what if there was no income tax in the us? Would the US collapse without taxes defaulting on the national debt? Or will we see an economic boom in the US? How will the US make up for the lost income tax revenue? Will they increase sales tax or simply cut government funded programs? This video describes what may take place if the US abandoned income taxes today. Timestamps: 0:00 - Is income tax actually needed 1:02 - How countries run without income tax 2:23 - US government funding solution 3:43 - Increased social responsibility 4:42 - Bustling economy 6:34 - Shifting politics 7:09 - Negative repercussions 8:32 - Harsh turnback 9:01 - Conclusion and final thoughts Thumbnail Credit: a rel="nofollow" target="_blank" href="https://www.vecteezy.com/"Free vector art via Vecteezy/a Music: Music Info: AShamaluevMusic - Cinematic Orchestral. Music Link: https://youtu.be/pHsHRSo78yQ Music: Ansia Orchestra - Dreamer Link: https://youtu.be/ncfTEs02q8E Music provided by: MFY - No Copyright Music: Ansia Orchestra - Warlock Link: https://youtu.be/OwDMxpelEJc Music provided by: MFY - No Copyright Music: Ansia Orchestra - Ness Link: https://youtu.be/baSq234ty6w Music provided by: MFY - No Copyright

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