Posted on 11/02/2018 7:56:26 AM PDT by C19fan
I’ve evolved over the years.
I remember screaming at the radio in the late 1980’s when “Deficits don’t matter” was the mantra and our debt was less than 1/10th that it is today.
Today, we’ve truly have gotten to the point where “deficits don’t matter” because we are not going to pay it back.
So like Dr. Strangelove - it’s been an evolution “How I Learned to Stop Worrying and Love the National Debt”.
The end will be equally absurd, but in the meantime, let’s keep taxes low, give everyone everything they want and worry about America after our printing presses have melted down.
I think we can limit the casualties of economic collapse to 10, maybe 20 million Americans tops, and it would still leave us with a formidable economy.
Long live the Dollar. All hail the New Dollar!!
Congress does not have a Tax problem, it has a spending problem.
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Precisely.
No matter how much revenue the District of Corruption receives it will never be enough.
Financial transactions are already taxed beyond meaningful reality
Dividends are double taxed. Capital gains are taxed fo no valid reason other than exidting and being unfair to the great unwashed mass of city dwelling Americans
As someone who grew up in the welfare system - I am generally all for making welfare extremely limited. Limit the duration to maybe 3 years in a person’s lifetime. If used, you lose the right to vote for 20 years.
I don’t see much point in taxing it. That just adds a layer of paperwork shuffling.
Paperwork and shuffling add to the disincentive effect and it prepares people to pay taxes as all productive members of society do.
I paid that for 50 years
and now tax the pittance I was able to save?
Sounds like a recipe for civil war.
Forget it, idiot! Do not ever mention it again! ever!
Yes, and if you click on the Mexico part of the graphic you’ll see my math was correct.
They'll just route it to Mexico through a third country. Problem solved.
Nonsense. Both SS retirement benefits and my non-gov't. pension payments can ONLY be received electronically. Even my weekly pay check when I worked was direct deposited. Back then I could elect to receive a paper check, but without a bank account it was next to impossible to cash....even at the bank it was drawn on.
Retail banking has itself well protected from idiocy like this.
Confiscate every dollar of that and your deficit is down to $640 billion. Of course, that's a one time only solution.
No, the money going to Mexico must be confiscated.
On proof of citizenship or valid residency, it will be transmitted.
Absent proof, it will remain confiscated and included in the fund to build the wall
“Sounds like a recipe for civil war.”
It will be just like the Civil War, and at the end the dollar will be worth every bit as much as the leftover Confederate money.
We aren’t paying our National Debt off, which means that your savings will be printed into oblivion with every political excuse used for explaining away the hyperinflation.
If such a tax were passed, I’d find a way to keep all my company’s financial transactions from passing through a taxed entity.
Me, and about 12 million other US businesses.
“Politicians say, ‘More taxes will solve everything!’.......and the band played on....”
Tax it when they earn it. Tax it when they spend it. Tax it when they save it. Tax it when they buy something. Tax it when the sell something. Tax what they own. Tax what they do. Tax it when they die and try to leave it to their children.
Social Security is tax already at 85% for some of us that had saved other ways for the golden years. So you want the seniors to pay 87 - 88%. If so, when you reach 67 or what every the retirement age will be you will be looking at 90-100% tax on the yearly SS income on top of the other IRS taxes. If SS is still around. Good luck with that. I will be in the grave and have no worries by then. So TAX AWAY.
Understand and agree with the sentiment, but unless you use cash for EVERY transaction and others - vendors, employees, customers, professional services, the government, etc. - are willing to accept such terms.....good luck.
The Social Security tax is not 85%. You mean to say Social Security is taxed as normal income at an 85% tax rate.
What are you smoking? You don’t even know what tax you pay?
The problem is ALWAYS FedGov taxes too much and spends way, way, WAY too much on things it has no business spending money on!
Cut SPENDING!
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