Posted on 04/18/2006 10:26:47 AM PDT by Eaglewatcher
I can appreciate your position, but also, a lot of retirements plans are funded by pre-tax or tax deferred monies. Most will pay taxes on that money after they pull it from where ever it is nested, the idea being that your tax bracket(racket?) will be lower and you'll pay less tax, than you would have if you were still working and earning more. I get that. (I've got a 401K for just that reason). But they're taxing SS payouts for crying out loud.
And that's also part of the problem. Government scares the bejeezus out of the retired folks telling them their going to lose SS or whatever, so we get into this - we can't do anything - mode of thinking which ends up perpetuating a SERIOUSLY FLAWED and BROKEN SYSTEM.
And you also have to realize that most everything you as a retiree will purchase has the businesses tax liabilities embedded in the cost of the goods or services you buy. Corporations don't pay their taxes; YOU DO!
Will there be pain and hardship in the beginning as the new system takes hold, and everybody adjusts, sure there will be. But as has been mentioned before, this system will find its level. Prices for goods and services will adjust lower when all the hidden and embedded taxes and compliance costs are taken out of the prices. I know a lot of people think that the companies will just say waahoo... windfall, but it won't work that way, at least not for long, because a competitor WILL lower his prices to reflect his lessened burdens, others will have to follow suit or be left with a failing business.
Just as water will seek out its level.
So I take it you either are presently retired, or are ready to retire. My dad is trurning 80 this year and is on a fixed income, so I do know a little about what you are worried about. I'm not worried about him under this proposed new system. And what about your kids, and their kids. Do you want to pass on to them this flawed system we have now?
Of course, I still wouldn't believe such utter nonsense as you pontificate.The Law of Supply and Demand is nonsense? You are really pathetic.
Not at all ... you've not been paing attention.
No - the utter nonsense you spout pretending to know something about economics; you aren't to be believed.
Your interpretations of things economic are a true wasteland of BS as are your attempted insults.
No - the utter nonsense you spout pretending to know something about economics; you aren't to be believed.The "utter nonsense" I was "spouting" was The Theory of Supply and Demand. Do you think it is "utter nonsense"?
Your interpretations of things economic are a true wasteland of BS as are your attempted insults.My "interpretation" was textbook. I am not surprised that you are denying such a fundamental economic theory considering it doesn't mesh with you moronic sputterings in favor of the FairTax. They don't call you pigdogma for nothing.
If it comes to buying into your interpretation and application of any theories of economics, that would be buying into utter nonsense.
You certainly attempt to misrepresent any interpretations to backstop your attacks on the FairTax and as we have seen you are hardly above fabricating things as you to attempt to make your claims.
Your economic pretense is ridiculous as well as questionable.
Your "non taxable cash assets" ARE taxed under the present system when they are spent by prices inflated by the action of the income tax system. In addition, any investment income you elect to obtain by investing those assets is subject to tax by the income tax system.
Maybe that explains how curiously warped you are. Try a more advanced textbook, Nightie. Or try the real world.The "more advanced textbook of the real world" like the economics of the non-existant, never before tried Fairtax fantasy?...I'm sorry, who is "curiously warped" again?
The economics of the FairTax have in fact been extensively studied and reviewed and most economists realize that such a tax system would benefit both the taxpayers and the US economy greatly.
Oh, and you still can't read. What I said was "try a more advanced textbook" OR "try the real world" - not "the more advanced textbook OF the real world".
Reading and comprehension have never been your strong suit, though.
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