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Old 10-30-2015, 08:26 AM
 
Location: Great State of Texas
86,093 posts, read 72,469,891 times
Reputation: 27565

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Quote:
Originally Posted by Feltdesigner View Post
if a 25% tax meant free college (psst. this is actually a good thing folks) and free healthcare and a realistic time off for child birth and vacations...

sure, cause it wouldn't actually be free.

it's,better than 5 to 7% sales tax, insane tuition cost, high healthcare, expensive wars and billions of dollars lost every year by our government.
And what happens to the services that the states funded with their sales tax ?
I think you'd still have state sales tax because a VAT would go to the Fed.
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Old 10-30-2015, 08:28 AM
 
10,773 posts, read 13,666,847 times
Reputation: 6268
Quote:
Originally Posted by Caleb Longstreet View Post
No but, i would be fine with a 25% spending cut across the board and kids paying for their own college like in the "olden" days some 30 years ago....sigh.....Does that EVER enter their minds?
Kids paid for their own college 30 years ago and don't now...you have to be smoking some serious stuff to believe that's what's going on Mr. burnt out baby boomer. State schools cost almost nothing 30 years ago and student loan defaults were rampant with little or no punitive action taken.

Baby boomers grew up hearing their depression error parents telling them how hard things were, and somehow feel they have a right to spout the same clichés.
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Old 10-30-2015, 08:32 AM
 
13 posts, read 5,494 times
Reputation: 22
A VAT is regressive. The poor spend a much higher percentage of their income on goods and services that would be subject to a VAT tax.

In essence, it punishes the poor. A person making $20k buys and iPad for $500. A person making $80k buys the same iPad. 25% tax on the iPad is $125, which is a far bigger burden on the poor person than the well-off one.
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Old 10-30-2015, 08:33 AM
 
Location: Great State of Texas
86,093 posts, read 72,469,891 times
Reputation: 27565
Quote:
Originally Posted by Manticore View Post
A VAT is regressive. The poor spend a much higher percentage of their income on goods and services that would be subject to a VAT tax.

In essence, it punishes the poor. A person making $20k buys and iPad for $500. A person making $80k buys the same iPad. 25% tax on the iPad is $125, which is a far bigger burden on the poor person than the well-off one.
That's how it works in Europe..EVERYBODY chips in for social services.
Isn't that what you want ?
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Old 10-30-2015, 08:56 AM
 
66,437 posts, read 30,294,925 times
Reputation: 8660
Quote:
Originally Posted by Manticore View Post
A VAT is regressive. The poor spend a much higher percentage of their income on goods and services that would be subject to a VAT tax.

In essence, it punishes the poor. A person making $20k buys and iPad for $500. A person making $80k buys the same iPad. 25% tax on the iPad is $125, which is a far bigger burden on the poor person than the well-off one.
Scandinavian/European countries and their people don't see it as punishing the poor. They've implemented regressive tax systems, including a 20-25% national VAT that everyone pays on top of income and payroll taxes, etc., because that's the only tax system that raises enough revenue to fund the generous social and safety net programs they want.

Read and learn:

Other countries don’t have a “47%” - The Washington Post

https://cdn0.vox-cdn.com/uploads/cho..._Labels_.0.jpg

How Sweden and other Scandinavian and European countries fight inequality - regressive rather than progressive taxes

Pay close attention to the charts.

Scandinavian countries also apply their top marginal income tax rate to the middle class, while in the U.S. the top marginal rate only applies to the top 1%.

PLUS, Scandinavian and European countries have no FATCA laws as does the U.S. Their rich are legally able to hide wealth, income, profits, and gains in foreign accounts so that they're completely tax-free.

Would you agree to do all of the above in the U.S.?

I'm wondering why so many people are unaware of the facts I've stated in this post. What's up with that? Why do Americans feel entitled to more government services and benefits without paying for more like their Scandinavian and Euoprepean peers do without complaint?
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Old 10-30-2015, 08:59 AM
 
13 posts, read 5,494 times
Reputation: 22
Quote:
Originally Posted by HappyTexan View Post
That's how it works in Europe..EVERYBODY chips in for social services.
Isn't that what you want ?
Ideally, everyone should have some skin in the game. But introducing a VAT would be a burden on poor Americans.

A VAT is proposing to "help the poor" by taxing everything they buy at 25%. They spend the highest percentage of their income on goods and services, so they'll be burdened the most by these taxes.

I oppose it personally because once a new tax is established, it never goes away. Once all this new revenue starts coming in from the VAT, Democrats will find more and more things to spend on. Take in $1, spend $1.50. Its not going to fix the problem, its only going to make the problem of our bloated and inefficient government even worse.
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Old 10-30-2015, 09:01 AM
 
66,437 posts, read 30,294,925 times
Reputation: 8660
Quote:
Originally Posted by Manticore View Post
Ideally, everyone should have some skin in the game. But introducing a VAT would be a burden on poor Americans.
The poor/unemployed/retired in Scandinavian/European countries have no problem paying it.
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Old 10-30-2015, 09:01 AM
 
Location: Great State of Texas
86,093 posts, read 72,469,891 times
Reputation: 27565
Quote:
Originally Posted by Manticore View Post
Ideally, everyone should have some skin in the game. But introducing a VAT would be a burden on poor Americans.

A VAT is proposing to "help the poor" by taxing everything they buy at 25%. They spend the highest percentage of their income on goods and services, so they'll be burdened the most by these taxes.

I oppose it personally because once a new tax is established, it never goes away. Once all this new revenue starts coming in from the VAT, Democrats will find more and more things to spend on. Take in $1, spend $1.50. Its not going to fix the problem, its only going to make the problem of our bloated and inefficient government even worse.
They have had a VAT in other countries for quite some time.
The poor are paying their VAT. Not too many sob stories coming out of Europe.
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Old 10-30-2015, 09:03 AM
 
66,437 posts, read 30,294,925 times
Reputation: 8660
Quote:
Originally Posted by HappyTexan View Post
They have had a VAT in other countries for quite some time.
The poor are paying their VAT. Not too many sob stories coming out of Europe.
Yep. It can and should be done here in the U.S. Want democratic socialist services and benefits? Pay democratic socialist taxes.
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Old 10-30-2015, 09:04 AM
 
Location: Out in the Badlands
10,425 posts, read 8,777,659 times
Reputation: 7734
Hey let's go ALL the way let the gument take all of your earnings and give you a USSR style 500 sq, ft. apartment and grocery stores with no groceries.
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