I had an interesting conversation with the head boss of the company I work for on my lunch hour. I actually ate my lunch while he pontificated his views to me. He wasn’t very open to criticism, nor was he interested in hearing much of what I had to say, but the things he had to say were actually interesting.
He said that in doing his masters thesis he found statistics showing that if all the money in the world were to be gathered up and redistributed amongst everyone equally, that it would take only 8 years for the money to be back to where it is now - amongst the top 5% of the people of the world. He says this is for the reason that the system within which we live is designed to bring and keep money for the few and away from the many.
Anyway, after a lot of complaining about things I have heard a thousand times before, you know the problem of double taxation, problem of democracy, problem of communism, problem of welfare, problem of health care being paid for by taxation dollars, etc - I asked him (finally got a chance to speak) what he proposes as a solution. He said he would tell me the same thing he said in class as a graduate university student “Toll Everything”.
His idea is that if everything was only charged to people as they use it than we wouldn’t have such a huge divide between the rich and the poor. The idea is to be applied to everything, one should only be billed for the amount of water they use, the amount of gas, electricity, etc. We would be charged for the use of all roads, doctors, etc.
We were abruptly interupted and a few minutes later lunch was over and I went back to work. But I wish I had the chance to tell him, what I see, as problematic with his view. There are some things, life health care that need to be there, ready, prior to you actually getting hurt. We cannot go and build an ambulance after someone has called 911 because that is when they need, nor can we have doctors rushing to a hospital from home because someone needs their help in a moment of critical illness. The roads, hospitals, equipment, employees, especially salaried doctors with full time hours need to exist already. If we destroyed taxation and charged people only as per their use, who and how would we pay for the hospital? The equipment? The roads?
I think he is onto something, but has thrown it into too much of an extreme. A more efficient system than the one we live in or the one he proposed, in my opinion, would be a hybrid between taxation and tolls.
I would be interested to hear what the rest of you think on the matter.
What’s your take?