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Old 07-20-2019, 10:55 AM
 
Location: WMHT
3,642 posts, read 3,611,445 times
Reputation: 4770

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Quote:
Originally Posted by Wells5 View Post
Question: Does the NH constitution prohibit progressive taxation? It's progressive income taxation that drives well off people out of high tax states like New Jersey where the new governor, Phil Murphy (an MA native), just raised the maximum income tax rate to 10 3/4%.
NJ is always a worst case example, for all forms of taxation. Of our neighbors, we should look to Vermont to see how short-lived any "relief" is from trying to shift property tax to income or sales.

Vermont first passed a sales tax way back in 1969.. The rate has climed over the years, VT now has a 6% sales tax a "progressive" income tax (up to 8.95%), and no real property tax relief, is consistently in the top ten states ranked by "total tax burden", usually right below Maine.

Meanwhile, NH ranks on the other end in every tax criteria except property tax.

Quote:
Originally Posted by westender View Post
Connecticut has the same phenomenon, in spades -- in my case the property taxes just hit 19k per year. Fortunately, I have tenants, and oh, do they gripe about rental increases that are barely keeping up with the costs.
Connecticut is a strong example of what happens when you institute an income tax with the promise of sales/property/etc tax relief. -- relief is short lived, total tax burden just grows with no end in sight. IIRC, Connecticut's average property tax rate is about on par with New Hampshire, though I believe NH has more variability from town-to-town?

 
Old 07-21-2019, 05:38 AM
 
1,980 posts, read 3,397,805 times
Reputation: 2728
Not all, but the vast majority of people pushing heavy forms of socialism come out of career type gov't jobs. Bernie Sanders is a perfect example. The guy never succeeded in much before getting into gov't to spread his Marxist ideas in the 70's. He became a millionaire and made every penny he ever made not by producing or making something with his own intellect, but off the tax payer in politics pushing his Marxist ideas. Elizabeth Warren is the same, comes out of Academia and gov't, no private sector. Kamala Harris entire career was a gov't attorney. Biden career politician.

These people who go into politics broke, never really made any money outside of gov't or academia, never had to sign a payroll check, or never had to compete and run profitable organizations. They are usually the best at spending other peoples money for their socialist, statist, marxist, big gov't ideas. People like Bernie would run a business into the ground within weeks if they ever got control of one.
 
Old 07-21-2019, 05:54 AM
 
Location: Manchester NH
2,650 posts, read 3,016,530 times
Reputation: 4038
Quote:
Originally Posted by ctr88 View Post
Not all, but the vast majority of people pushing heavy forms of socialism come out of career type gov't jobs. Bernie Sanders is a perfect example. The guy never succeeded in much before getting into gov't to spread his Marxist ideas in the 70's. He became a millionaire and made every penny he ever made not by producing or making something with his own intellect, but off the tax payer in politics pushing his Marxist ideas. Elizabeth Warren is the same, comes out of Academia and gov't, no private sector. Kamala Harris entire career was a gov't attorney. Biden career politician.

These people who go into politics broke, never really made any money outside of gov't or academia, never had to sign a payroll check, or never had to compete and run profitable organizations. They are usually the best at spending other peoples money for their socialist, statist, marxist, big gov't ideas. People like Bernie would run a business into the ground within weeks if they ever got control of one.

let's not forget that Elizabeth also made money off off the misfortune of others..ie the housing market crash, something that was put into motion by none other than president Bill Clinton.. Misery equals profit to these folks
 
Old 07-21-2019, 02:33 PM
 
Location: The Woods
17,288 posts, read 23,200,786 times
Reputation: 9742
Quote:
Originally Posted by CrazyDave View Post
Ever increasing taxes produce the very things you complain about and more..


INADEQUATE INCOMES

The total outcome of all of the effects listed below is a large tax burden. And only workers feel the brunt of this burden, because only workers create wealth. When all of these effects are combined, the tax burden on the average worker is currently about 73 percent of income. So people can't live on their incomes.

LOW WAGES

Multiple governments levy so many taxes on businesses that "taxes" is the highest budget items on the ledger sheets of most businesses. These taxes take away some of the money otherwise used to pay wages. So employers can't pay good wages.

HIGH PRICES

Multiple governments levy so many taxes on businesses that "taxes" is the highest budget items on the ledger sheets of most businesses. Businesses have to raise prices to get money to pay these taxes. So product prices go up. This leads to inflation.

SHODDY PRODUCTS

Multiple governments levy so many taxes on businesses that "taxes" is the highest budget items on the ledger sheets of most businesses. These taxes take away money otherwise used to improve quality. Instead, businesses must cut corners to make the products and pay the high taxes. Many recalls are the results of businesses cutting too many corners, to save money so they can pay the high taxes.

PRODUCT UNAVAILABILITY AND DISCONTINUATION

Because high taxes cost businesses more, they can't provide as many products as they used to be able to. Property taxes make it expensive to stock products with lower quantities demanded. And manufacturers can't afford to produce the low-demand products and also pay their taxes. The result is that people with allergies to the mainstream products can't buy any products they can use.

LOST JOBS

Many businesses go bankrupt, because they can't afford to operate after government takes its cut. Other businesses flee the country, to escape the high taxes. And still other businesses must cut their payrolls to stay within their incomes. The result in each case is the loss of jobs those businesses provided in the economy.

FORECLOSURES, EVICTIONS, AND HOMELESSNESS

Because taxes are so high, people who originally entered into mortgages or rental contracts with the ability to pay them now no longer have the money to pay the monthly payments. Landlords also can't pay their taxes and their mortgages, causing the loss of the rental units. And if the taxes are not paid instead, government quickly seizes the property and sells it at auction at a sheriff sale. Thus, high taxes cause foreclosures and evictions.

With the foreclosure or eviction comes homelessness, because these victims of government greed can no longer afford to pay rent or mortgage payments. So high taxes cause homelessness.

POVERTY AND HIGH CRIME

Because more people can't afford to live on their incomes, the poverty rate goes up. This causes an additional drain on the budgets of government social programs. This means that each poor person can't get enough to live on.

Many poor people, unable to find jobs because government overtaxed the economy, turn to crime to get the money needed to support their families. This causes the crime rate to go up. And since many of those crimes are robberies, the violent crime rate goes up too.

CHRONIC RECESSION

The high taxation takes so much away from the economy that it enters a permanent form of recession. If government tries to boost the economy with increased government spending, the result is stagflation (simultaneous high inflation and unemployment) instead of prosperity. The only cure for stagflation is to cut both taxes and government spending. But this takes time to happen, keeping the effects of overtaxation in place for a time after the overtaxation ends.

LOW REAL TAX REVENUES

The permanent recession and losses of jobs caused by the high taxes cause a drop in government revenue, as economic production drops. If government then raises tax rates to recoup the lost revenue, production drops again, and the revenue drops even more. In addition to this, the increase in prices caused by the increased taxation prevents government spending from purchasing as much. So high tax rates cause lower real tax revenue collection.

Government causes its own revenue shortages by wanting more money than it should have - a victim of its own greedy ways. The size of government is naturally limited by the size of the economy around it. Attempts to make government larger than this limit cause economic trouble.
Plagiarism is okay? https://midimagic.sgc-hosting.com/taxefect.htm
 
Old 07-21-2019, 04:03 PM
 
Location: Manchester NH
2,650 posts, read 3,016,530 times
Reputation: 4038
Quote:
Originally Posted by arctichomesteader View Post
mmmm.. never claimed they were MY words now did I? But yes you are correct I was in error in not citing the source, I usually do. Unlike say..Biden.
 
Old 07-22-2019, 12:15 AM
Yac
 
6,017 posts, read 6,808,339 times
Thread is getting out of control. I figure I should have deleted it to begin with.
But oh well.
Closed.
Yac.
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