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I see you've not given up your desire to assume and speak for others, even when put in a corner. Do you really want to do more of that? I must admit, its kinda boring otherwise.
It wold result in great desolation as the rich took their marbles elsewhere.That is one thing you people don't understand. Change the rules and the players change the way they play. Unlike some people, their feet are not made of clay.
To buy into is requires a degree of historical ignorance. I mean, this argument might have some surface plausibility if the era when America didn’t have such an overweening plutocracy -- the 50s and 60s, when the top 0.01% received only about a fifth the share of income that it commands today -- were a time of economic stagnation and low innovation. In fact, the postwar generation experienced the best economic growth -- and the fastest productivity growth -- of any era in the past century -- in a time when the top tax-rates were 91%, which is where it stays till the Kennedy years, during which it drops to a slightly lower 70%.
lol. The Fair Tax. That right there is a crock of ****.
First and foremost, you're forgetting the poverty prebate. Everybody gets a monthly probate to keep them at poverty level. Anything else is supplementary income. That's welfare on steroids.
And the Fair Tax, prebate and all, is just another flat-tax. And flat-taxes are by design regressive tax structures. They hurt people with lower incomes more than they hurt people with higher incomes. Any and all flat-taxes operate that way, including sales taxes. The value of a dollar is greater to low-income person than to high-income persons.
The progressive tax system we have in place is the most fair tax plan we have. Let's strip out the loopholes for it, yeah? That's how we all got into this mess to begin with.
No the prebate is for those people at or below the poverty level so those people who need every bit of income to buy food can do so. The prebate does not keep them at poverty level, their jobs would do that.The prebate allows them not to pay tax on food. since income is not taxed it is clearly not a flat tax. And since everyone can keep 100% of their income it allows each person to decide what goods they wish to buy
No the prebate is for those people at or below the poverty level so those people who need every bit of income to buy food can do so.
What about people who are barely above that poverty level? At least there is this recognition that such ideas will affect people negatively, the lower the wages?
What about people who are barely above that poverty level? At least there is this recognition that such ideas will affect people negatively, the lower the wages?
everyone at the register point of sale would pay 23 %
And then use prebate to address the lack of progressive nature of the taxes, because without it, we're looking at added burden on lower wage earners and want to alleviate it. THAT is the fundamental premise of progressive taxation.
And then use prebate to address the lack of progressive nature of the taxes, because without it, we're looking at added burden on lower wage earners and want to alleviate it. THAT is the fundamental premise of progressive taxation.
Lower wage earners would find that paying no FICA no SS no gas no federal Cigarette tax while getting the prebate would leave them better off. I would love to have 100% of my salary paid to me then i could decide how much i wanted to spend on a car or TV based on how much more tax I would pay. I could also decide if i wanted ground chuck or sirloin. A millionaire buying a yacht would pay alot more them I would buying a car. And all transactions based on used materials like used cars are not taxed. used clothes not taxed, used cars not taxed. It would empower people to use their own money how they want .
Then let's get that idiot in the White House out of office so we can get some jobs back in this country.
Huh, the fools in congress might have alot more to do with that. Oh I did not know that the jobs all left the country in 08
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