DIBS — I am most definitely not in favor of a VAT. And I would be VERY much in favor of a flat tax. A REAL flat tax where the billionaires pay the same percentage of their income in taxes as the manager at McDonalds. But I don’t see that happening — you know that this would mean a major tax INCREASE for most people above a certain income level.
If the expiration of the Bush Tax Cuts will be the end of life as we know it, why would a flat tax *ever* be allowed?! There’s no way to game the system and be greedy.
Not sure why the flat tax was never given more of a look through. The only ones damaged by such would be tax accountants, and we know how much they add to GDP.
And maybe that’s good, Dave. Politicians have become more interested in remaining in power, and spend more time cutting the other party down, rather than doing anything to actually put legislation into action that would help people. And those who are trying to do that can’t be heard in the din. I’m pretty sick of both sides, the Repubs on general principle, and the Dems for being afraid to make the big decisions without a poll.
But we can’t let big business and financial institutions dictate how any recovery goes, because they only care about their own survival and profit. There’s something wrong when a stock rises and a company cheered for when they close a couple of offices or plants, and kick thousands out of their jobs. They are seen as good business models because they are downsizing, but what about those people who are out in the street? Collateral damage? I don’t think so.
“make it possible for companies to start hiring, for start ups to actually start up, farms produce, teachers teach. Make America self sufficient, producing its own goods again.”
Can’t think of any examples of a free economy making this kind of structural change in the absence of tax cuts or low taxes. Can think of plenty where tax cuts were part of the package.
A currency devaluation helps as well. The US started that process, but with other countries in trouble as well the question becomes ‘devaluation relative to what’.
You could get rid of them if we had a flat tax…like Hong Kong and a few other places…usually in the range of 12-16%. These have worked rather well where they have been implemented, Hong Kong being the best example. Hong Kong also has no tax on dividend income which is why management there owns such a large % of the business, takes virtually no salary and pays the shareholders large dividends.
Since you’re (ishtar & tybur6) sounding rather left of center socialist on this, you should not be seeking a VAT which hurts the people of lesser income more than others (since they spend 100%+ of their incomes on goods and services.
1 term limit for all gov spots
1 term limit for all gov spots
1 term limit for all gov spots
1 term limit for all gov spots
#1 reason for economic growth at all = so labor market can absorb population growth.
DIBS — I am most definitely not in favor of a VAT. And I would be VERY much in favor of a flat tax. A REAL flat tax where the billionaires pay the same percentage of their income in taxes as the manager at McDonalds. But I don’t see that happening — you know that this would mean a major tax INCREASE for most people above a certain income level.
If the expiration of the Bush Tax Cuts will be the end of life as we know it, why would a flat tax *ever* be allowed?! There’s no way to game the system and be greedy.
Not sure why the flat tax was never given more of a look through. The only ones damaged by such would be tax accountants, and we know how much they add to GDP.
And maybe that’s good, Dave. Politicians have become more interested in remaining in power, and spend more time cutting the other party down, rather than doing anything to actually put legislation into action that would help people. And those who are trying to do that can’t be heard in the din. I’m pretty sick of both sides, the Repubs on general principle, and the Dems for being afraid to make the big decisions without a poll.
But we can’t let big business and financial institutions dictate how any recovery goes, because they only care about their own survival and profit. There’s something wrong when a stock rises and a company cheered for when they close a couple of offices or plants, and kick thousands out of their jobs. They are seen as good business models because they are downsizing, but what about those people who are out in the street? Collateral damage? I don’t think so.
tybur6, what’s your plan for living out your later years???
I don’t daytrade my IRA.
“make it possible for companies to start hiring, for start ups to actually start up, farms produce, teachers teach. Make America self sufficient, producing its own goods again.”
Can’t think of any examples of a free economy making this kind of structural change in the absence of tax cuts or low taxes. Can think of plenty where tax cuts were part of the package.
A currency devaluation helps as well. The US started that process, but with other countries in trouble as well the question becomes ‘devaluation relative to what’.
This discussion is ZZZZZZZZZZZZZZZZZZZZZ
Let’s talk about dick related things instead.
You could get rid of them if we had a flat tax…like Hong Kong and a few other places…usually in the range of 12-16%. These have worked rather well where they have been implemented, Hong Kong being the best example. Hong Kong also has no tax on dividend income which is why management there owns such a large % of the business, takes virtually no salary and pays the shareholders large dividends.
Since you’re (ishtar & tybur6) sounding rather left of center socialist on this, you should not be seeking a VAT which hurts the people of lesser income more than others (since they spend 100%+ of their incomes on goods and services.