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To: no-s
Reduce the gov't to what can be funded by the NRST. No income tax ever legal again.

That would screw retirees, hard.

Taxed to the max during all their income-earning years, they retire on much smaller incomes, just in time to walk face-first into a VAT/NRST tax calculated to support the entire weight of the Government, on top of their state sales taxes, which is imposed on every dollar they spend for their subsistence.

That's a retirement tax designed by sadists.

115 posted on 10/02/2011 6:13:39 AM PDT by lentulusgracchus (Concealed carry is a pro-life position.)
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To: lentulusgracchus
That would screw retirees, hard.

Taxed to the max during all their income-earning years, they retire on much smaller incomes, just in time to walk face-first into a VAT/NRST tax calculated to support the entire weight of the Government, on top of their state sales taxes, which is imposed on every dollar they spend for their subsistence.

No VAT, that's surely ridiculous.

Yours is a static analysis, I think. You left out the part where we distributed the assets to social security contributors, who are the rightful creditors of SS, which is the senior creditor supporting the federal ponzi scheme. Also you left out the part where we reduced the size of FedGov.

And what is the alternative you propose? Retirees will get screwed eventually.

117 posted on 10/03/2011 10:34:26 AM PDT by no-s (B.L.O.A.T. and every day...because some day soon they won't be making any more...for you.)
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