This is the second video in my economics dark side series. This video focuses on taxation. The video explains what taxes are and why they are deemed necessary by the Government. The video looks at who benefits from taxes and if taxation is fair.
Taxation is something that is accepted as part of life. Benjamin Franklin is quoted as saying “In this world nothing can be said to be certain, except death and taxes”. It is this mentality that has allowed Governments to impose tax at will with minimal resistance from the people. Should we accept taxation as a part of life or should we question its existence and extent. This video attempts to address this question as well as provide references to other sources that discuss in great detail the whole idea of taxation. I hope you enjoy the video.
I have a post containing a more detailed summary of this same topic. This post is available at: https://steemit.com/economics/@spectrumecons/taxation-dark-side-of-economics-2
► Watch on DTube
► Watch Source (IPFS)