write down the measures to control black marketing.
Answers
Answer:
Black markets can be taxed by construction. This would have been virtually impossible before the internet era, but today it’d be pretty easy. Suppose, for example, that we had a 100% national sales tax (NST.) And that every dollar of after tax income came with a dollar of NST credit. The net effect would be a 50% tax on black markets and unreported income and nothing else.
Criminals still have to buy things like food, gas, housing, clothing, etc. Those things would cost them literally twice as much. And there’s really no way for them to avoid that cost. You might think a black market for NST credits would emerge since everyone who saved or invested any money would have excess credits they'd be tempted to sell. But they’d end up being credit buyers later when their savings were used and thus the value of credits couldn’t be discounted by much.
This is the most efficient, fair, and straightforward way to undermine crime that I can envision. And there’s no limit to how high the NST rate can go. I wish some nation would try it because I can’t see any downside to it and find the even-handed, totally non-confrontational and anonymous levy on illegal activities to be an ideal deterrent. Making crime “not pay” seems wildly more desirable than punishing and embarrassing people for what may be little more than being morally and/or financially bankrupt.
Answer:
Black markets can be taxed by construction. This would have been virtually impossible before the internet era, but today it’d be pretty easy. Suppose, for example, that we had a 100% national sales tax (NST.) And that every dollar of after tax income came with a dollar of NST credit. The net effect would be a 50% tax on black markets and unreported income and nothing else.
Criminals still have to buy things like food, gas, housing, clothing, etc. Those things would cost them literally twice as much. And there’s really no way for them to avoid that cost. You might think a black market for NST credits would emerge since everyone who saved or invested any money would have excess credits they'd be tempted to sell. But they’d end up being credit buyers later when their savings were used and thus the value of credits couldn’t be discounted by much.
This is the most efficient, fair, and straightforward way to undermine crime that I can envision. And there’s no limit to how high the NST rate can go. I wish some nation would try it because I can’t see any downside to it and find the even-handed, totally non-confrontational and anonymous levy on illegal activities to be an ideal deterrent. Making crime “not pay” seems wildly more desirable than punishing and embarrassing people for what may be little more than being morally and/or financially bankrupt.
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