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HR 4646: The Trojan Horse Tax
Unliberal.com ^ | September 28, 2010 | David Sforza

Posted on 10/06/2010 8:08:17 PM PDT by Windflier

As many of you know recent polls show an utter mistrust between the citizens of this great country and its government. The reasons for this are many and another one has just reared its ugly head: HR 4646-The Debt Free America Act.

This wonderful sounding new bill that is making its way through committee in the House of Representatives is what I have dubbed the “Trojan Horse Tax” for reasons that I will explain below but first the text of the bill itself. You see I actually believe that we should READ THE BILL first.

Debt Free America Act – States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax.

Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument.

Defines “transaction” to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions.

Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance.

Provides for expedited consideration by Congress of Task Force recommendations.

Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals.

Directs the Secretary of the Treasury to:
(1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and
(2) study and report to Congress on the implementation of this Act.
(Courtesy www.govtrack.us)

Immediately upon reading this people are taken in by the thought of abolishing the dreaded Income Tax Law. However, before you go swooning over this proposal and lend your support for this bill you should keep something in mind. Why would the federal government, which runs solely off of the income it collects from its citizens, kill the one thing that allows it to operate? It wouldn’t and that is where the “Trojan Horse” aspect of this tax comes into play. Just look at what this tax would entail:

Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument.

Defines “transaction” to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions.

Ask yourself this question: How many “transactions” that would fall under this particular definition are you involved with every day? 10, 20, 30? Once you realize what this will mean you start to get the picture of what this is.

Let’s say hypothetically that you are involved with 10-20 “transactions” daily. Then instead of paying a 1% tax you have now just paid a 10-20% tax. do you see how easily this can snowball?


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bigbrother; taxes
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Yet another heinous, liberty-robbing, nation-destroying concept coming down the pike...
1 posted on 10/06/2010 8:08:18 PM PDT by Windflier
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To: Windflier

It sounds like a form of VAT tax that goes to the government. You will pay MORE with this kind of a scheme.


2 posted on 10/06/2010 8:14:16 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: Windflier
I don’t understand why they just can't STOP THE SPENDING.

Taxing is more to pay debt and spending more is insanity and you know that is what will happen. Round and round we go.

3 posted on 10/06/2010 8:15:21 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: Windflier; ExTexasRedhead; LucyT; Nachum; null and void; Rushmore Rocks; blackie; ...
Amends the Internal Revenue Code to imposes a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument.

Insert the words "democrat dirty deeds - taxpayers and voters can you afford this?" in front of it and run it with ALL political ads to inform voters what's in store for them if they vote democrat in November.

4 posted on 10/06/2010 8:15:28 PM PDT by MamaDearest
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To: Windflier

Just finished our 2009 taxes after our extension. We are so busy growing and creating new products that dealing with the current monstrosity is something we have to set aside time we do not have. The thought that it will get worse actually makes me hate Republicans more then Democrats. It’s the Republicans who I thought in 2000 would begin to create some type of simplification but it has gotten steadily worse no matter who governs. The Repubs had better wake up this time because “We the People” are fed up with all politicians.


5 posted on 10/06/2010 8:17:03 PM PDT by liberty or death
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To: Windflier

And to add insult to injury, when all was said and done, and after we had been snookered out of MORE of our FREEDOM, all that extra money would have gone down the same ratholes that so much of our other tax money goes down, and the national debt would have only gotten BIGGER! The only way the debt will EVER be reduced is with an ENTIRELY NEW crew in Washington, DC!


6 posted on 10/06/2010 8:17:53 PM PDT by Tucker39
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To: Windflier

sfl


7 posted on 10/06/2010 8:19:09 PM PDT by phockthis
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To: Windflier

A rose by any other name...

This is a Value Added Tax, or VAT. Once it gets implemented, think about how easy it would be for Congress to amend the percentage to any amount they wanted. Even a tenth of a percent does not sound significant but it gives the Government access to even more of our money to do what they damned well please with it.

This is exactly the kind of vindictive legislation I fear this so-called “lame duck” session might turn out against all of us.

There is still a lot of damage this Congress can do, especially if the November elections go as badly for the Dhimmies as it appears it will...


8 posted on 10/06/2010 8:20:54 PM PDT by Bean Counter (Now what kind of a geroo are you anyway?)
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To: Windflier

Can you say ... Bend Over! Again!


9 posted on 10/06/2010 8:20:54 PM PDT by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: nmh
I don’t understand why they just can't STOP THE SPENDING.

When the new Congress is sworn in, reducing spending will be on the front burner, starting with ObummerCare.

10 posted on 10/06/2010 8:23:45 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: nmh
It sounds like a form of VAT tax that goes to the government. You will pay MORE with this kind of a scheme.

It's worse than a VAT tax, because it penalizes every single financial transaction, from top to bottom.

11 posted on 10/06/2010 8:25:08 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: K-oneTexas

BOHICA!


12 posted on 10/06/2010 8:25:29 PM PDT by Spitzensparkin1 (Arrest and deport all illegal aliens. Illegal is not a race - it is a crime. WhooRaah! Arizona!)
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To: nmh
I don’t understand why they just can't STOP THE SPENDING.

The same reason why a junkie cannot stop jabbing a needle into their arm.
13 posted on 10/06/2010 8:27:30 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Windflier

I wouldn’t go to Las Vegas and put a nickel in a slot machine, but I’d bet you any amount of money you’d care to name that the Debt Free America Act will not make America debt-free.


14 posted on 10/06/2010 8:27:36 PM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: Windflier

Your 20 or 30 transactions would not increase the 1% tax. If I get paid $1,000 and spend it all in one place, I pay $10 in taxes. If I spend it in 20 places I pay $10 in taxes.

But, let’s just look at my one transaction. Suppose it is a purchase of some new furniture. There is 1% on the lumber; 1% on the lumber mill; 1% on the trucker who delivers it to the factory; 1% on fabrictor who builds the frame. Now, suppose it is upholstered, too. Another dozen or so 1% taxes get added on. Now factor in the wholesaler and the retailer. Perhaps a credit company financed part of the purchase for me. I would be paying 1% on top of the accumulation of dozens of 1% taxes, which would all get added on to the price. So, I probably paid $1,000 for a folding chair.


15 posted on 10/06/2010 8:30:21 PM PDT by csn vinnie
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To: MamaDearest
Insert the words "democrat dirty deeds - taxpayers and voters can you afford this?" in front of it and run it with ALL political ads to inform voters what's in store for them if they vote democrat in November.

You can bet your sweet bippy that this was spawned by Democrats. The email I got alerting me to this says that it was authored by House Rep Peter deFazio (D-Oregon) and Senator Tom Harkin (D-Iowa).

Yes, someone ought to use this data in a campaign commercial. It would be devastating.

16 posted on 10/06/2010 8:31:27 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Spitzensparkin1

Yes, our wonderful elitist overseers are finding new ways to protect us and give us less to worry about.

I wonder if this will lead to an ed of banks and credit cards as we know it ... when people choose to quite spending money. except for the bare necessities.


17 posted on 10/06/2010 8:32:00 PM PDT by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: Tucker39
The only way the debt will EVER be reduced is with an ENTIRELY NEW crew in Washington, DC!

Absolutely true. We'll get closer to that in November, but it'll take a couple more election cycles to clean them all out.

18 posted on 10/06/2010 8:33:16 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Bean Counter
This is exactly the kind of vindictive legislation I fear this so-called “lame duck” session might turn out against all of us.

The suspicion is that they'll try to put this through during the lame duck session. If they do, the country needs to explode in revolt to stop it.

19 posted on 10/06/2010 8:35:28 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier

Thanks fair taxers. We told you so.


20 posted on 10/06/2010 8:36:02 PM PDT by Raycpa
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To: Windflier

Exactly. If I put my money in the bank, I don’t get charged a VAT. I only get charged a VAT if I spend it. This is a way for them to track where money is going.


21 posted on 10/06/2010 8:36:51 PM PDT by BenKenobi ("Henceforth I will call nothing else fair unless it be her gift to me")
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To: Mr Ramsbotham
I’d bet you any amount of money you’d care to name that the Debt Free America Act will not make America debt-free.

Of course it won't. The Democrats make that same tired promise every time the raise taxes or create a new tax. In the end, they never have enough of our money to spend, and even put us into generational debt with deficit spending and unfunded mandates.

This has got to stop before the whole country implodes.

22 posted on 10/06/2010 8:38:45 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: csn vinnie

Excellent analysis, Vinnie. You’re right - you would not pay more than $10 out of $1,000 spent, no matter how many individual transactions it took to do it.

But - as you say, everyone on the production and consumption chain will pay 1% when those goods change hands, thus increasing the cost of every commodity in the marketplace.

And of course, the 1% rate is simply the camel getting his nose under the tent. It’ll go up and up, once it’s passed. It’s got to be stopped.


23 posted on 10/06/2010 8:43:43 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: nmh

Stop spending !!! But not just that, Make the nation a business friendly atmosphere and get people working again. They would have revenue flowing in from all directions. That is ALL they need to do!


24 posted on 10/06/2010 8:47:00 PM PDT by gidget7 ("When a man assumes a public trust, he should consider himself as public property." Thomas Jefferson)
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To: Windflier

Just another reason why I barter for exchange of services to stay off the radar.


25 posted on 10/06/2010 8:49:08 PM PDT by cgchief
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To: Raycpa
Thanks fair taxers. We told you so.

This draconian measure is nothing like the Fair Tax, which would only tax goods at the point of consumption.

This beast taxes you for depositing your paycheck in the bank. It taxes the furniture maker 1% for buying the lumber to produce the chair that you'll eventually pay a 1% federal tax on, when you purchase it.

This thing is something only a Commie would dream up. It's even worse than a VAT tax.

26 posted on 10/06/2010 8:49:42 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier

In other words they can spend as much as they want and just take it from us.


27 posted on 10/06/2010 8:50:59 PM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: Windflier

Donating to your local charity or giving a bum some spare change would qualify.

lol, you got to love these nuts sometimes, they don’t thing before they pass the bill.


28 posted on 10/06/2010 8:52:25 PM PDT by dila813
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To: Windflier
Let’s say hypothetically that you are involved with 10-20 “transactions” daily. Then instead of paying a 1% tax you have now just paid a 10-20% tax. do you see how easily this can snowball?

No. Whether you spend your day's pay in one big transaction or a dozen little ones your tax is the same.

Now the problem is that you'll get hit for 1% when you are paid (it is a transaction). If you get a check, you'll pay an extra percent when you cash or deposit it (better ask your boss for cash). Next if you did deposit it you'll get nicked for another percent when you pull the money out to buy something or when you put it on a credit card ... and then another percent to pay the credit card bill.

Those few percent for a "1% tax" are just the start. Each business will have to pay 1% on every transaction all the way through the chain of production. This will give a huge incentive to companies to vertically integrate. Imagine two car companies. One contracts out everything other than the final assembly. They end up paying 1% to the iron miner, 1% to the steel maker, 1% to the company rolling the steel ingots into sheets, 1% to the company stamping out parts, etc. etc. Compare that to another company which merges the iron mines, steel plants, parts plants, oil drillers and refiners (for plastics), electronic manufacturers, dealerships, etc. None of the transactions between these divisions are taxable since they are just entries in the accounting books. The verically integrated company will be at a huge advantage. More likely to avoid all of this all the manufacturing will just be moved off-shore so companies don't have to mess around with a US transaction tax and only the final sale will be a US transaction for 1%.

Next, this will put a crimp in the number of transactions. People will start dealing with cash to avoid depositing, withdrawing and moving money around to minimize taxes. Pull $300 billion out of the banks (only $1000 per person, which might be a lowball estimate) and you will remove trillions of dollars from the system because of the multiplier effect of our fractional reserve system - much like our current recession where banks are less willing to lend thus destroying many times that lending shortfall.

I can think of few taxes as bad as the transaction tax. Even a VAT would be far less destructive. Hell, even our current monstrosity of a tax code is better than a transaction tax.

29 posted on 10/06/2010 9:00:54 PM PDT by KarlInOhio (Grblb blabt unt mipt speeb!! Oot piffoo blaboo...)
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To: KarlInOhio
I can think of few taxes as bad as the transaction tax. Even a VAT would be far less destructive. Hell, even our current monstrosity of a tax code is better than a transaction tax.

I said much the same thing upthread. This monstrosity needs to be killed in committee. It can never be allowed to see the light of day - it's that bad.

30 posted on 10/06/2010 9:17:44 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: csn vinnie; Windflier; All
BINGO!

It's not the actual single consumer purchase that causes the purchased item to be so expensive...it's the value-added rate at every single step along the way, collected by (who else) the "government", that would price items including food at a much higher price than one would expect. Just think about how many different commodities dealers and workers are involved in getting a loaf of Wonder Bread to the family table??!

Plus, even if that was a "break-even" free-market proposition as opposed to the way the grocers manage to do it now (which I doubt)...

...and even if there was a repeal of all other income/property/etc. taxes (which I'd also be skeptical would actually happen)...

...THEN, you can be pretty darn sure that certain other things like local trash pick-up and state license tag renewal FEES would continue to be raised...because, after all, those aren't "tax" hikes, just "fee adjustments"...and too many in local/state/federal government will find a way to raise the revenues they think they need, no matter how they have to do it.

Don't be fooled by candidates, don't be unrealistic about options, and DO VOTE!

/ soapbox, lol

31 posted on 10/06/2010 9:25:38 PM PDT by 88keys (this is no time to go wobbly)
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To: GeronL
In other words they can spend as much as they want and just take it from us.

Washington Democrats have become a ruling oligarchy, who feel that the Constitution is just so much ancient, outmoded, and incomprehensible blather from a bunch of dead white guys in powdered wigs. Doesn't mean a damn thing to them.

Just listen to some of their recent comments about our Founding Document for proof of this.

These petty tyrants and uber-Socialists believe that all money belongs to the government, and it's their right to "take back" as much of it as they want, through whatever means they care to contrive.

They're ignorant of history, and obviously don't understand that we fought a bloody revolution over this very thing, over 200 years ago. If they think we won't do it again, they're in for a terrible surprise.

32 posted on 10/06/2010 9:25:44 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier

I think the left are all mentally ill. I think its becoming more and more pronounced.


33 posted on 10/06/2010 9:28:46 PM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: GeronL
I think the left are all mentally ill.

I'm long past thinking that the left is mentally deranged. I've known that they are, for a very long time now. They only pile on more and more proof of that certainty with every passing day.

34 posted on 10/06/2010 9:36:41 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier

camel nose tent


35 posted on 10/06/2010 9:39:33 PM PDT by Raycpa
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To: Raycpa
camel nose tent

That's what it is. It's got to be stopped.

36 posted on 10/06/2010 9:42:53 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier

It will be implemented thru the newly established vehicle, the Bureau of Financial Protection completely housed within, and under complete control of, the Federal Reserve. Watch.

Every move will be archived by the Bureau for the avialability to the IRS. Sooner than we think, money will be deducted and accounted for directly as you buy or sell anything in real time.

We have been placed under the control of the Federal Reserve as individuals through our bank accounts, credit-debit cards, etc. The move is a form of disenfranchisement as we are only required to comply. Our political representatives in Congress are no longer available for redress. We have been outsourced to the Fed Reserve for its purposes.


37 posted on 10/06/2010 9:54:55 PM PDT by givemELL (Does Taiwan eet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: Windflier
"This beast taxes you for depositing your paycheck in the bank"...

According to the proposed bill, it puts a "teeny tiny surcharge" (how long would it stay teeny tiny, pray tell?) on every "financial transaction", whether by check, credit card, or cash...

So, I buy a pack of gum, which is already ridiculously over-priced IMHO, and it costs extra for me, the merchant, the supplier, the manufacturer. So much for a buck!!

Then, I have a small amount of money in a C.D., I make .002 % interest, but it is a "financial transaction" when I go in to re-invest it...talk about adding insult to injury!

This is NOT SUSTAINABLE! (to use a favorite buzz-word these days)

What are they THINKING?!?!

(actually, never mind that last line - just VOTE to stop THOSE people, who are clearly insane - the answer is NOT more government regulation to confiscate and redistribute individual assets!! If the wealthy have ill-gotten gains, they can be sued...if the indigent are truly needy, they will be helped...but I want to use any little extra amount of money I might have to take care of my own family, friends, community, retirement...I do not want to contribute to Washington's "choice of beneficiary", first channeled through 16 highly paid beaureucrats - sic - )

/ rant

38 posted on 10/06/2010 10:11:43 PM PDT by 88keys (Hope springs eternal, and this is no time to go wobbly - VOTE!)
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To: Windflier

We have this in Hawaii. It’s known as a “general excise tax,” and imposed each time a good or service changes hands.

It’s one of the most onerous taxes known, because of the multiplier effect, since each time a product changes hands, for example, from the importer to the wholesaler, from the wholesaler to the retailer, and then from the retailer to the consumer, a tax is paid and then built into the price at the next level, on which a tax is paid both on the product and the tax that has already been paid, etc. But since the tax is buried in the price of the good, the person paying for it doesn’t realize the price has already been inflated by prior taxes.

In Hawaii we have an excise tax that has a nominal rate of 4% (plus a rail tax on Oahu for a nonexistent rail system). Economists say that the nominal “4%” tax actually is equivalent to a 12-13% sales tax.


39 posted on 10/06/2010 10:36:03 PM PDT by kaehurowing
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To: Bean Counter

“This is a Value Added Tax, or VAT.”

No, it’s worse. A VAT only applies to the increased value added at each step of production. This is a TRANSACTION tax, so that it is applied to raw materials, then applied to the full value of the raw materials again each time the product moves through the next stage of manufacturing. So that all becomes embedded in the products you buy. But personally, you get taxed when you are paid, again if you move money from checking to savings or IRA or brokerage account, then again when you withdraw money as cash, then again when you use your cash to buy something.

You can tell how bad it would be just by the stated goal in the text of the law. Pay off $14T in National Debt in 7 years ?? That tells you there is another $2T/yr of tax revenues expected — TRIPLING the current Income Tax revenues from $1T to $3T.


40 posted on 10/07/2010 12:18:07 AM PDT by Kellis91789 (Democrat: Someone who supports killing children, but protests executing convicted murderers.)
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To: Windflier

Actually, $19.90. There was $10 withheld on the financial transaction of paying you, then another $9.90 when you spent the $990 you actually received.


41 posted on 10/07/2010 12:25:05 AM PDT by Kellis91789 (Democrat: Someone who supports killing children, but protests executing convicted murderers.)
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To: gidget7

“Make the nation a business friendly atmosphere and get people working again.”

You make it sound obvious how to accomplish that. Do you actually have ideas on how to accomplish that ?


42 posted on 10/07/2010 12:28:01 AM PDT by Kellis91789 (Democrat: Someone who supports killing children, but protests executing convicted murderers.)
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To: nmh

That’s right. Every debt/deficit situation is a spending problem, not a revenue problem. That goes for people as well as government.

The only difference is government doesn’t add to the economy, but detracts from it.


43 posted on 10/07/2010 3:24:36 AM PDT by 1010RD (First Do No Harm)
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To: 88keys
What are they THINKING?!?!

Tyranny, feudalism, overlording - you know, the usual.

The way I see it, we've got to organize and vote as if our lives depended on it, for at least the next ten years. It'll take that long to rid the country of the elitist scum in government.

44 posted on 10/07/2010 10:05:39 AM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: givemELL
Our political representatives in Congress are no longer available for redress. We have been outsourced to the Fed Reserve for its purposes.

The sort of fundamental shift that you describe can only lead to revolution. The ruling class elites have already caused the populace to explode in a civil rebellion with their decades-long transgressions against the Constitution. They're going to push it over into a hot rebellion with tyrannical moves like this one.

45 posted on 10/07/2010 10:19:39 AM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Kellis91789

YES! Leave the Bush tax cuts in place, and remove onerous restrictions, regulations, fees, etc etc, then get the EPA OUT OF the law making business. They are unelected, bypass congress altogether, and hinder businesses from operating. Lastly, make the unions negotiate and if they will not, go non-union. Those are just a few things.


46 posted on 10/07/2010 12:47:00 PM PDT by gidget7 ("When a man assumes a public trust, he should consider himself as public property." Thomas Jefferson)
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To: Windflier

This reminds me of a story in Analog Science Fiction several decades ago in which every transaction was subject to a “Floating Instantaneous Sales Tax”, or FIST; and the sales tax amount increased or decreased every time a bill was passed by Congress.

Of course, in that story, each computer participating in the transaction had a red button, which the owner could push if they were unhappy when the sales tax amount went up.

If a majority of the voters in a congressional district pushed their red buttons in a 24 hour period , a small explosive charge at the back of the skull of the House member of that district was triggered. If a majority of the voters for the whole state pushed their buttons, the explosive charges for both Senators went off. And if a majority of the voters in the entire country pressed their red button, ....

I think it is called “accountability”.

Congresscritters: you can have your FIST if we can have our “red buttons”.

Deal?


47 posted on 10/07/2010 3:48:05 PM PDT by Mack the knife
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To: Kellis91789

two words...Black Market during the great Utopian Soviet experiment with this nonsense more than half the economy was underground possibly more as the numbers will never be known. Bartering will come back in ernest too. Lets see no bank account, pay what little bills one could get away with by money order for 69 cents each plus 1% new taxes, never accept checks for work done EVER. contract productive efforts with like minded people for cash only and keep a low profile.Work less enjoy life more, I would rather work 3 days a week and have a modest dwelling and a couple of electronic toys bought used of course, than slave for the govt and lazy parasites 6 days a week just to buy a Mc Mansion n 4 plasma tvs, no thanks work 3 days golf 2 and fish one, the 7th is the Lords day spend it with family around a home cooked meal. Wait is this not going GALT? I prefer starving the monkeys myself


48 posted on 10/07/2010 3:48:33 PM PDT by JD_UTDallas ("If you didn't grow it you mined it")
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To: Mack the knife
Congresscritters: you can have your FIST if we can have our “red buttons”. Deal?

I like that idea!

What it boils down to, is, Congress critters wouldn't go astray if there were real repercussions for doing so. We've got to make it hurt when they betray us.

49 posted on 10/07/2010 7:07:26 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: gidget7

Leaving the Bush tax cuts in place means a 35% marginal income tax rate for successful individuals, small businesses, and corporations. It also means taxing dividends at 35% before a corporation distributes them to shareholders who will then have to pay at least another 15% individual income tax. That’s not enough to make American business competitive with foreign competitors who have flat tax rates of 15%.

Keep in mind that if every INDIVIDUAL paid a flat 10% individual income tax, the IRS would collect more revenue than the current corporate and individual income taxes combined. To really make American businesses competitive, we should eliminate the Corporate income tax completely, and only tax income when it lands in a PERSON’s pocket and then tax at the 10% flat rate.

“Lastly, make the unions negotiate and if they will not, go non-union. “ Actually, the unions negotiated for everything they ever got. The reason they won outrageous wages and benefits from their employers was because they can legally shut-down the business — by striking, picketing, blocking access to the premises, etc. while the business is legally prohibited from firing employees for going on strike. What we need are changes to the law so it’s impossible to shut down a business and legal for an employer to simply fire all striking workers. Businesses have a large investment in trained workers, so they are unlikely to use this option lightly.


50 posted on 10/07/2010 8:41:57 PM PDT by Kellis91789 (Democrat: Someone who supports killing children, but protests executing convicted murderers.)
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