I received a comment. Hurray!
The comment was about people who don't have bank accounts.
For most people, the Object Tax works as follows. You will receive your entire paycheck into a bank account. You pay your taxes at a progressive rate when you withdraw your money.
There are people who do not have bank accounts. What about them?
This insightful question brings up the nature of Object Technology.
Object Oriented Design was created by system engineers faced with the challenge of updating extreme complex systems.
A great example is the cellphone. A cellphone is a mobile device that communicates with cellular towers.
Cellphone designers could not simply replace the existing telephone system, so they created a system that integrates with the existing telephone system.
The Object Tax draws from the same design principles.
The design goal is to create a new tax structure that encapsulates and extends the existing tax structure.
The first step of the design process is to create a new object oriented structure that encapsulates the existing tax code. With that in place we can start extending the tax code.
The goal is to transition from an income tax to a consumption tax. To accomplish the goal, the Object Tax taxes an abstract object that exists between income and consumption.
Now, the really powerful part of this design technology is that allows us to create a new tax structure without destroying the existing structure.
I repeat I am using the same design principles that were used by the cellphone industry to extend the telephone network. The creation of cellphones did not require the destruction of land lines. Cellphones integrated with and extended the current technology.
The Object Tax encapsulates the existing tax code. Since the new system is designed to encapsulate and extend the income tax system, the object tax can run in parallel with the income tax.
This design will allow companies to transition to the new tax at the time of their choosing.
In contrast, the FAIR Tax requires a disruptive change with a coordinated elimination of the income tax and implementation of the FAIR tax.
The Object Tax does not require a disruptive change. People can continue business as usually as switch to the object tax at the time of their choosing.
I use the strange word "Object Tax" to emphasize the design process of the new tax. Object Technology allows designers to create new systems that encapsulate all of the functionality of a legacy system and extend it with new functionality.
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