EvC Forum: Devising the best taxation

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Topic: Devising the best taxation

jar

Member (Idle past 425 days)

Posts: 34026

From: Texas!!

Joined: 04-20-2004

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Message 10 of 70 (439607)
12-09-2007 2:18 PM

Reply to: Message 9 by Buzsaw
12-09-2007 2:10 PM

Re: If I Were President

4. Depreciate the American $ via issuance of enough $ to pay off all government debt and simultaneously outlaw any future debt spending, period at all levels of government.

Who exactly do you think would accept such phuny money as payment of any debt?

Can you imagine the booming business this system would generate with the incentive to build and improve etc?

No.

Can you imagine how much would be saved via elimination of buracracy and the elimation of the national debt etc?

No.

Immigration has been a problem Since 1607!

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	Message 9 by Buzsaw, posted 12-09-2007 2:10 PM		Buzsaw has not replied

jar

Member (Idle past 425 days)

Posts: 34026

From: Texas!!

Joined: 04-20-2004

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Message 21 of 70 (439642)
12-09-2007 5:17 PM

Reply to: Message 20 by Silent H
12-09-2007 4:54 PM

Re: "Fair Tax" is no such thing...

It does have the advantage of making the US a desirable place for foreign corporations to exploit. By removing all taxation on the corporations, foreign companies can locate here and export all profits abroad tax free. It is also a great way to rape and plunder the Social Security system and abandon all obligations due to those in the system.

Further, since there is no requirement for manufacturers to roll back their prices to exclude any current tax burden, it will provide a onetime windfall of about 30% of the GDP to Corporate America.

The rich can continue to purchase whatever they want, but will simply purchase outside the US.

Sounds like a great plan to me.

Immigration has been a problem Since 1607!

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	Message 20 by Silent H, posted 12-09-2007 4:54 PM		Silent H has replied

Replies to this message:
	Message 22 by Silent H, posted 12-09-2007 5:39 PM		jar has replied

jar

Member (Idle past 425 days)

Posts: 34026

From: Texas!!

Joined: 04-20-2004

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Message 24 of 70 (439649)
12-09-2007 5:51 PM

Reply to: Message 22 by Silent H
12-09-2007 5:39 PM

Re: "Fair Tax" is no such thing...

Silent H writes:

Or will big companies, because they need to buy so many things (assuming they stay inside the US), get rebates just like poor people?

The tax is only on retail sales. From Nem's own source:

Exports and the purchase of intermediate business sales would not be taxed, nor would savings, investments, or education tuition expenses as they would be considered an investment (rather than final consumption).

However...

Personal services such as health care, legal services, financial services, haircuts, and auto repairs would be subject to the FairTax, as would renting apartments and other real property.

So it is a complete rape of the US citizen and about the biggest windfall ever seen by business.

Silent H writes:

Well, I suppose that's where it will all be made soon anyway.

Nah, made here, exported tax free and then purchased overseas.

Immigration has been a problem Since 1607!

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	Message 22 by Silent H, posted 12-09-2007 5:39 PM		Silent H has replied

Replies to this message:
	Message 27 by Silent H, posted 12-09-2007 6:09 PM		jar has replied

jar

Member (Idle past 425 days)

Posts: 34026

From: Texas!!

Joined: 04-20-2004

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Message 35 of 70 (439681)
12-09-2007 7:15 PM

Reply to: Message 27 by Silent H
12-09-2007 6:09 PM

Re: "Fair Tax" is no such thing...

It gets even better. Since the tax is only at the retail level, it is only the endpoint retailers that will bear the burden and collection responsibilities and costs. The biggest burden will fall on the small business.

There is one other hidden feature of the plan, and that is the "refund". That will require a registration of each family that is eligible to collect the so called refund.

As usual, the rich get off and the poor pay the price.

Immigration has been a problem Since 1607!

This message is a reply to:
	Message 27 by Silent H, posted 12-09-2007 6:09 PM		Silent H has not replied

jar

Member (Idle past 425 days)

Posts: 34026

From: Texas!!

Joined: 04-20-2004

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Message 47 of 70 (439748)
12-10-2007 8:50 AM

Reply to: Message 46 by Chiroptera
12-09-2007 10:45 PM

on a fair tax.

Speaking of personal income tax, I think you are very close when you suggest:

"Take your income and subtract $50,000. Multiply this by 30%. If the result is positive, this is what you owe. If it is negative, this is what you get."

I think there should be a base amount for each working member of a household which would be adjusted for inflation annually. Then there should be a secondary base amount for each dependent child, also adjusted annually to account for inflation.

Immigration has been a problem Since 1607!

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	Message 46 by Chiroptera, posted 12-09-2007 10:45 PM		Chiroptera has not replied

jar

Member (Idle past 425 days)

Posts: 34026

From: Texas!!

Joined: 04-20-2004

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Message 63 of 70 (439868)
12-10-2007 6:04 PM

Reply to: Message 59 by Buzsaw
12-10-2007 5:56 PM

Re: If I Were President

One of my proposals forbids government debt and another requires Congress to coin money.

So the next war that comes up we will tell the folk to just hold on until we raise the funds to fight it ...

or ...

Congress can just print up an unlimited supply of phuny money.

Sounds like a plan to me. LOL

Immigration has been a problem Since 1607!

This message is a reply to:
	Message 59 by Buzsaw, posted 12-10-2007 5:56 PM		Buzsaw has not replied

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