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Old 07-06-2019, 04:56 AM
 
1,290 posts, read 687,191 times
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Quote:
Originally Posted by artillery77 View Post
FICA is the best investment the poor will ever make. In exchange for 7.65% of not much they get a potentially multi decade annuity and health coverage.

Why are you so eager to shift tax burden and not eager to give people opportunities to retrain and be more relevant and valuable to an organization?
Artillery77, if our nation's payrolls are not greater than half of all sales transactions that could be taxable, reducing both employers and employees FICA contributions by 4.55% and replacing it with a 4.55% federal sales tax.

It would reduce both of employers and employees FICA contributions from 7.65% to 3.10% of each of their taxes upon wages.

Depending upon to what extent USA's payrolls are less than half of USA's taxable sales transactions and how much of employees and their dependents purchases are not subject to the federal sales tax, This would reduce corporate federal taxes by 4.55%% of their payrolls, be of some net reduction of employees net federal taxes, and purchasers of goods that previously paid no FICA taxes, would now be contributing additional federal tax revenue.

As a populist, I perceive shifting some federal taxes from employers and employees, to be paid by earners of other incomes such as investments or profits from other sour income sources as a desirable goal.

FICA is a tax based upon payrolls. Most employers and employees cannot feasibly decline from participating in FICA taxation as they could from a voluntary investment.

What are these training opportunities you contend I wish withheld from our population?
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Old 07-06-2019, 06:54 AM
 
Location: Boston
7,800 posts, read 2,272,799 times
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I have no interest in wage inequality. Some people will always have more than others.
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Old 07-06-2019, 08:41 AM
 
2,139 posts, read 527,667 times
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Quote:
Originally Posted by TMSRetired View Post
Well the Democrat politicians talk about wealth inequality.
They live in the world of Tom Joad's life is a documentary of life everywhere in America.
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Old 07-06-2019, 09:30 AM
 
Location: Prepperland
13,728 posts, read 9,838,713 times
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A short snippet regarding “Wealth inequality” and “income inequality”.
With all due respect, the remedies are worse than the maladies.
WHY?
  • A) Raising wages - does not address the underlying debauched money token system in place since 1933. “Dollar bills” (paper) are not “dollars” (coin). They are worthless repudiated securities borrowed, at usury, into existence. Ditto, for the counterfeit fractional coin (since 1965).
  • B) Tax Reform - Bizarre as it may seem, since only government privileges are taxable, all tax liabilities are by consent. Why reform a tax system when it’s far better to withdraw consent from it?
  • C) Wealth Inequality - Any wealth, denominated in “dollar bills” is worthless. Once sufficient numbers of “human resources” withdraw consent, the dollar bill ceases to be legal tender, and billionaires become zero-aires overnight. And if they did not use lawful money to ‘pay debt’ they have no way to prove they own anything bought with ‘dollar bills.’
  • 1) Campaign Finance Reform - Ironically, the need for campaign funds (legal bribery) is a direct result of amending the original constitutional form. Consider that the only office elected democratically was the REPRESENTATIVE, who would not need much to operate a campaign in his home district. SENATORS were elected / selected by their respective State governments. EXECUTIVES (pres, v.p.) were selected by an Elector, a local chosen to form part of the Electoral college. And Electors weren’t pledged to any party nor candidate.
  • 2) Bank Reform - Usury (interest) was and is an abomination, denounced for ‘only’ 3500 years. And is mathematically unsustainable in a finite money token system. This is due to the exponential equation used for compound interest, which requires an infinite money supply to operate. Since that is impossible, a portion of debtors shall default and lose their pledged collateral (or a portion of creditors shall be ruined by unsecured debt). The only real reform is to shun usury.
  • 3) Higher Education Reform - Colleges do not sell education, they sell credentials. You can learn any way, any time, but without credentials as required by current labor laws, it does you no good. A government sponsored exam (inexpensive / free) for credentials would bypass the chokehold that institutions have. Or repeal the labor laws.
  • 4) Health Care Reform - As long as government criminalizes the unlicensed trade in care and medicine, health care is an expensive PRIVILEGE. Get government out of the way, and it resumes being a right. But governments rightly recognize that having the power of life and death gives them invincibility.
Under the promised republican form, all men have Creator endowed rights that governments were instituted to secure. Anything beyond that requires consent of the governed. (Consent waives endowed rights, though)

No endowed right can be taxed, regulated, or otherwise infringed. But once you are liable for mandatory civic duties, you have no endowed rights. (Ex: militia duty - the obligation to train, fight, and die on command - is a violation of the right to life and liberty). Once consent is given, shut up, sit down, pay and obey.

Of course, national socialism (FICA) is 100% voluntary, so once enough withdraw from that abomination, it will collapse on its own.

If you're a fan of the USCON, the quickest fix is to eliminate the power of bankruptcy (Fed power to break compacts - necessary to deal with usurers); eliminate the limitation to species coin for lawful money (ending the money drought); roll back all amendments that change the election / selection of public servants; abolish clause 4, 14th amendment; explicitly point out that sovereign people have the power to create their own mediums of exchange independent of the gubmint (see: coupon = "cash value 1/20 cent").

Once the 20+trillion dollar public debt is void for fraud, all dollar bills are void (they're part of the public debt, see: Title 12 USC Sec 411).

Coining all the alleged gold in Ft Knox will only amount to 2.9 billion ($9 per capita). Obviously such a sum is insufficient to facilitate trade when barter is not warranted. Of course, once private people are freely trading their private promissory notes ('coupons') denominated in goods or services, the money problem is no more. (Woe to the slicker who thinks he can 'cheat' the system. Once he loses 'creditability' his notes won't be acceptable, and he's stuck back in the 'hard money' system.)
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Old Yesterday, 03:09 PM
Status: "Excited to move to Vegas!" (set 26 days ago)
 
Location: Beaverton, OR
5,531 posts, read 5,900,677 times
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Quote:
Originally Posted by Supposn View Post
Augiedogie, you're incisive, clever, and I suppose you voted for President Trump. Poverty and inflation are left-wing fake-news propaganda.
Except poverty is at historic lows, so how is that a problem? It's a problem that some people struggle? I mean, seriously? So it's the TEACHER who is doing a poor job in a classroom if 80% of the students are doing great, and 20% are doing poor? No, that's because some people are flat-out stupid and won't ever end up at the top of any system. They'll lead poor lives of mediocrity at best and struggle to make ends-meet because they're uneducated, low IQ, lazy, and spend their money poorly.

How many things have become a "basic necessity" that are really just a convenience? You don't NEED Netflix, TV, a smart phone, a car, etc. You can live with a roommate, have a "dumb" phone, buy all used stuff on Facebook Marketplace SO cheap, and still live better than people in third world countries by far. People just think they're entitled to nice things because "that's what rich people have so I deserve them too." No, you don't. I don't know who told them they deserve all of this. The nicest things are EXPENSIVE. Consider I just bought an 85" 4K TV for thousands of dollars, but I'm selling my older 65" plasma HD TV for $75. Sure, it's not a great TV, but it WAS a great TV years ago and still works perfectly fine, still plays any Blu-ray or 1080p content, and a poor person can easily afford a $75 TV and still have entertainment and what was state of the art just a few short years ago at a fraction of the price.

People act like you can't live a good life if you're not making massive amounts of cash, but I could assemble an entire apartment's worth of furniture for $1,000 off Craigslist / Facebook Marketplace and most of the stuff would be lightly used or in great condition. You wouldn't believe how picky people are on these services, too, $600 furniture piece has 2 small scratches? Can't sell it for even $75, guaranteed to sell it for $50 or less lol. You don't NEED a ton of money to live a decent life in the U.S., but yes, if you want to have a family of 4 and all of the bells and whistles, you can't be making $12/hour. You shouldn't be having kids if you don't make a good deal of money. It's not your right, it's a privilege of people with enough money to afford not just their own lifestyle but other peoples' lives, too.
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Old Today, 07:12 AM
 
Location: Whereever we have our RV parked
8,762 posts, read 7,693,193 times
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Poverty is always an issue, but our govt is very generous in supplying food, clothing, shelter, medical care, and education to the poor. But there will always be poor people, just as Jesus said.

Inflation affects everyone, its not really a poverty issue.
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