Posted on 04/15/2016 10:56:53 PM PDT by Hanna548
I saw some of it back then (& commented a couple of times)....still can’t see it as a “VAT”. Must be based on some “secret squirrel” information Cruz has put out somewhere other than his website. In an interview perhaps? How is the Trump plan NOT a VAT tax then by this logic?
>>Until the democrats inevitably get control of congress and then the other taxes come back and the VAT stays.
I hear ya.... it’s why I would include a rule change for a flat tax and the business tax. Something along the line that if the corporate tax is returned, that automatically eliminates the value added tax and that it would take a supermajority - say 2/3’s to raise any part of the flat tax proposal. Sure the dems could change those rules too, but it would be known ahead of time.
I’m banking on the economic recovery from such a tax would be so great, that the people would know and perhaps we’d never see another Dem majority in congress. But, yeah, I hear you and others who have said the same thing in the past - like ‘read my lips’ :-)
OTOH, Cruz's 10% "FLAT TAX", sans the VAT TAX, doesn't raise enough money to support the government, even IF it were cut to the bone. That was proved decades ago, when the FLAT TAX was set at 15%!
The VAT TAX turns the nation into a FASCIST society. It would also utterly destroy our economy and this nation.
We need tax CUTS, less waste, a smaller government, far less handouts, and a fiscal conservative at the helm, which Cruz is NOT one of!
I am all for lower taxes for everyone, but this throws the total tax burden on the consumer. This does not come out of a business’s profits...it is not even figured into cost...
>>Hey Kent C,
It’s refreshing to see intellect in action. That is certain more rare here today than in the past.
It’s more ‘google’ in action but thanks :-) I’ve read the plan and went to both the Left and Right tax analysis sources and how it works - they pretty much agree. Where the difference is, is in what revenue is generated. The Left of course shows a ‘short fall’ and the tex foundation shows a rebound.
I’ve never thought much of the ‘revenue neutral’ idea. I actually want LESS money going to the FEDs. But the economic growth from less taxes always pulls in more revenue as wages and jobs increase.
And a 10% or even 20% flat tax would pull money from those at the higher end who don’t pay taxes, and may bring much money back from offshore as well.
Ted knows less than NOTHING at all about finance, taxes, business, and did NOT think this plan up. Nor does he understand it at all. He NEVER even talks about it; not in the debates and NEVER in his stump speeches! He couldn't defend it, with out a GREAT deal of prep, by others, and a memorized written out for him speech. And he STILL wouldn't understand it at all.
All of this was debated, ad nauseam, back in the early days of FR. We had for real experts in this stuff, here, back then; from whom I learned a great deal.
Exactly right and Trump’s tarrif’s would only apply if companies outside the US do not play by the rules....it is his Trump card...as it were....and it would not last long
No real life allowed....get busy:)))
Can’t argue with that. I made a graphic with Cruz riding on Trump’s coat tails which is what he did all the way to Iowa, letting Trump set the agenda and take all the fire....what a scrwball;/
The vast majority of the populace ( except for big tax cheats! ) pay taxes! Even most TAX CHEATS pay some taxes.
The people who don't pay ANY taxes, are the scroungers who get TAX REBATES on money they NEVER paid in and the welfare mooches.
Forget the "SOAK THE RICH"/THE RICH PAY NOTHING crap, here.
Can the extremely wealthy hide their money? Yes, to some extent, but NOT all of it.
Do some major companies and yes, even smaller ones who do mostly cash transactions pay almost nothing to nothing? YES. But THAT isn't what you're talking about.
I see nothing fair about the consumer shouldering the total tax burden. I am not a bleeding heart type, but the reality is, the less someone makes the more this hurts them. And business pays no tax at all. That just doesn’t seem right.
No one is more versed in the intricacies of the subject, than my very own SG, tax reform warrior, than Taxman.
And he has the scars to prove it.
Then you’re either a fool or just like getting your rear end beat, message board bravado, very weak.
One reason is because just like in other countries they just raise the VAT up up up until th public can’t afford a loaf of bread;/ I hate that a VAT is added to the necessities, like groceries...you want to add a VAT to a television set, be my guest, but not to the things people must have in order to live.
Bump for Economics 101.
I like Trump’s tax plan. He lowers taxes for everyone, cuts out a lot of the deductions and loop holes and makes the hedge fund guys pay too, which they are not now.
Don’t take my post out of context and twist my words, I was talking about a transparent tax of 16 % only, no other hidden fee’s no other add ons, no other taxes. I was not saying I agreed with the amount.
I see we agree on smaller government in general.
Other than that I can't make much sense of your arguments above. How is consumption-based taxation Fascist?
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