Oh, I see... it's a bad idea because it would discourage bribery and corruption. In case you weren't aware, the monied write the tax code. With their interests, they lobby (read: bribe) Congress for benefits, exemptions, and credits in their favor, and not in favor of the common people.
Care to defend this statement? Or do you think just saying it is enough? :roll:
Nope, a progressive absolute tax with no loopholes will be just as easy. 99% is real easy to figure. You just move the decimal two places to see what you keep.Originally posted by: Vic
Oh, I see... it's a bad idea because it would discourage bribery and corruption. In case you weren't aware, the monied write the tax code. With their interests, they lobby (read: bribe) Congress for benefits, exemptions, and credits in their favor, and not in favor of the common people.
Care to defend this statement? Or do you think just saying it is enough? :roll:
With a highly-simplified tax code, this is a great way to put tax lawyers and H&R Block out of business. To significantly reduce the size of the IRS. To limit government abuse with a tax code that the common people could understand and *drumroll* actually do themselves without having to hire an expensive professional tax preparer. And with a keener understanding of their actual tax burden (instead of just "Ooh, I got a refund!!"), people would also be more likely to encourage the government to be fiscally conservative. Oh, oops... is that the REAL problem you have with it?
You dont have to go over the ABC's of how capital gains works. I think I got the basics.
you've got a good point, but I dont do as good of a job explaining it as some more financially educated friends of mine. Perhaps the fine line is WHEN to tax it, because selling a stock doesnt neccesarily mean they are taking that money out of investments, they could simply be moving it to another stock.
So you can have the cruel pleasure of binding the mouths of the kine that tread the grain? No thanks, Moonie. Get a job. Do something with your life. Find a way to benefit society, then society will benefit you, and you'll lose this sick jealousy of yours.
Originally posted by: Vic
Oh, I see... it's a bad idea because it would discourage bribery and corruption. In case you weren't aware, the monied write the tax code. With their interests, they lobby (read: bribe) Congress for benefits, exemptions, and credits in their favor, and not in favor of the common people.
Care to defend this statement? Or do you think just saying it is enough? :roll:
With a highly-simplified tax code, this is a great way to put tax lawyers and H&R Block out of business. To significantly reduce the size of the IRS. To limit government abuse with a tax code that the common people could understand and *drumroll* actually do themselves without having to hire an expensive professional tax preparer. And with a keener understanding of their actual tax burden (instead of just "Ooh, I got a refund!!"), people would also be more likely to encourage the government to be fiscally conservative. Oh, oops... is that the REAL problem you have with it?
Check this out: solar panels and hybrid vehicles cost more in oil to manufacture than is recovered in efficiency during the products' lifecycles, and subsidizing college education increases education costs to everyone who doesn't qualify for the subsidy (which is almost always the poor).
I agree with ya Vic, but the only thing left to do is compress this whole proposal into a 15 second sound byte that cant be attacked by the 10 second sound bytes of its opponents.
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