For taxation to be most efficient and create budget surpluses, a large portion of society needs to be wealthy. By wealthy I don't mean simply a robust middle and upper economic classes, but the lower classes should have a much higher standard of living than they currently do. The more people who make above what is necessary for a living wage, the more they pay in taxes. This is quite reasonable right? Well how do we get more people to receive greater salaries so they pay more in taxes. Government investment in strategic industries such at home, specifically in the Primary Sector of the Economy. While FTAs are good and all for the other sectors of the economy, by depending too much on other nations for their raw resources we become dependent on them. It is also simply cheaper to derive resources from inside the country than import them (if that resource can be found inside the country). Still resources will be exported because not everyone has access to them (for example Australian Hardwoods). However, the greatest contribution to creating a larger wealth base in the lower and middle classes is to simply abolish Joint-Stock Companies. Profits belong to employers and the employees. Not to some fuck with money who bought their way into the company and then continues to loot the company of its profits at will. Shareholders do not contribute any positive value to the company beyond putting down cash with their initial purchase. (I will make a specific thread about my views on Joint-Stock Companies and Investors [which are important and different than shareholders]). By the abolishment of Joint-Stock Companies, the profits that companies receive will be redirected towards everyone's salaries as well being reinvested into the company, to expand operations or increase R&D (which will look for ways to make production costs cheaper, thus more profits for the company). By doing this on a large enough scale, we create a much larger middle class as well as a increasing the average wealth of the lower class. With all the extra money they receive in their salaries, not only do they pay more in taxes, they spend more money (which creates jobs). The more wealth and jobs there are, the more there is contributions into the tax system. Overtime, budget surpluses will be created and when this happens we can lower taxes. The first people to feel the increased money in their pockets from lower taxes is the upper classes. By abolishing Joint-Stock Companies, the upper class has to CREATE businesses in order to receive more money than simply becoming a looting shareholder. And this is my (Space Fascism) views on taxation.