Posted on 03/25/2015 8:02:56 AM PDT by SeekAndFind
So much ignorance, so little time.
If a flat tax is good enough for Russia, it’s good enough for me.
But the current system of what we call the IRS is nothing more than a corrupt gestapo club and must be disbanded. The code is pure crap and full of insanity. Maybe rewriting the entire code and possible with simplifying it could be done on one sheet of paper. Limit exemptions. Who knows. Nothing seems to be the best answer. Heard this consumption tax is the way but can be just as corrupted as the Fair Tax.
Ted Cruz will do very well standing up to the blow torch of negativism from the left. The newsies are running scared.
And Russia isn't exactly the poster child for fiscal health these days, is she? Her economy is in the toilet, her government bonds area at junk level, and her natives are getting restless.
There are too many debts, too many obligations... there is no possible way to deliver on these promises.
The USA will default on the whole mess. Or, after a separation of the US into two or more parts the parts will refuse to make good on the debts and obligations.
I also think it is a possibility that two US currencies will be created, the current US dollar will become the external international dollar and within the country the holders of current dollars will be issued a new internal US dollar. This will be a default on all US dollars held outside the country... it will mean war.
It is also obvious that the US is itching to get into a major war somewhere, anywhere, in order to have an external boogieman to blame a dollar collapse on. Russia? China?
There is no way we are going to pay off all the debts and there is no way the current administration is going to allow blame to fall on themselves.... desperate measures are coming IMO.
And that’s because of the flat tax, or are there other reasons?
Post hoc, ergo propter hoc.
Depends on the percent rate, of course.
The big trick here is removing the progressive tax, meaning, if you’re broke you don’t pay anything - but if you’re rich, you pay damn near everything. Those in the middle probably would not see a huge change to our wallet, but we’d see a huge change to our politics.
Progressive, “wealth redistribution”, whatever you want to call it, is not good for anyone, and is part of what led us down this road in the first place.
The flat tax is not as good as the so-called “fair tax” which is a consumption tax - it’s a percentage applied to goods purchased/sold, rather than based on income; but BOTH are “friendlier” than the current progressive tax. With a consumption tax, you determine how much tax you pay by how much crap you buy. Less crap, less taxes.
Lazy writing. Totally without merit or logic or reason.
But obamacare can?
It's because Russia spends way more than it takes in. It was able to get away with that because they raked in oil profits. Well that's gone, the economy tanked, and flat tax revenue can't make up the difference. The flat tax is an interesting idea. But it will only work if cuts in government spending match or exceed cuts in government revenue. And that's where I believe Congress will fall down on the job.
No Income Tax. No IRS. No flat tax. No Fair Tax.
Each one of these damned things invades your life and destroys your freedoms.
Abolish all direct taxes. Make all taxes excise taxes. Excise taxes do not require you to give up information that can be used against you.
+1
If you decimate something by 80% you’ve actually reduced it by 8%.
Move there and see how you like it.
Why stop there?
Why not just abolish the 16th amendment and implement a NRST via executive order?
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BFL
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The dilemma is how to combat the growing disparity of the rich and 'the 99%'. I think most people do not want the aid of government but they do want a job to be able to afford a home and to provide for their families' health when needed and the education of their children. A system that builds more and more poor,[ who vote accordingly], is a problem in a democracy. And that is no good either.
“But reality is a lot tougher than some tax models. A flat tax would just be a colossal giveaway to the rich—and maybe even take away for the poor—and that doesn’t help the economy much. Just look, for example, at Rick Perry’s version of this.”
Why is it a giveaway? 10% may be 100 dollars or 10 million dollars. It’s still 10%. It’s relative and that’s fair.
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