Remove ALL taxes.

[SagaLore]

Idea.

Stop taxing people or businesses. Abolish the concept of taxation.

Instead, the government simply owns the economy and siphons from it as needed. There would be no "deficit" because the government would never owe. Without the elasticity of debt, the budget would have to be balanced up front, because they can't spend what isn't available.

My theory is that if you let everyone keep the money they've made upfront, it will encourage economic growth and remove the political inefficiency of fighting over what percentage of taxation is fair.

 

[JD50]

It's way too early to be drunk bro.

 

[EagleKeeper]

where are you gonig to insert the vacum nozzle into the system?

 

[Kirby]

It's way too early to be drunk bro.

I'll give him the benefit of the doubt and assume he pulled an all nighter.

 

[Bird222]

How would this in effect be different than taxation? What would stop government from unlimited growth?

 

[SagaLore]

where are you gonig to insert the vacum nozzle into the system?

State owned banks and federal credit unions.

 

[SagaLore]

How would this in effect be different than taxation? What would stop government from unlimited growth?

Democracy. ^_^

 

[Scotteq]

where are you gonig to insert the vacum nozzle into the system?

With Taxes, of course! :whiste:

 

[EagleKeeper]

where are you gonig to insert the vacum nozzle into the system?

With Taxes, of course! :whiste:

Same old refrain

 

[Scotteq]

Same old refrain

Alternatively, we could ask the TSA where to insert the vacuum... :twisted:

 

[PeshakJang]

This week I will give thanks for this thread

 

[Bird222]

This week I will give thanks for this thread

LOL!

 

[Linflas]

Democracy. ^_^

So in other words people can demand almost anything from government unfettered by any concept that that the money has to come from somewhere? Sounds like a drag strip to tyranny to me.

 

[SagaLore]

So in other words people can demand almost anything from government unfettered by any concept that that the money has to come from somewhere? Sounds like a drag strip to tyranny to me.

I have no idea what you just said, and a feeling neither do you.

 

[CycloWizard]

State owned banks and federal credit unions.

Great plan, comrade! Unfortunately, I think someone already tried this.

 

[Linflas]

I have no idea what you just said, and a feeling neither do you.

If you totally disconnect the responsibility of funding government activity from the voter what do you think the inevitable result of that will be? It is bad enough as it is with around 50% of the population receiving more in services than they pay in taxes. A politicians dream scenario would be to set up a system where the taxpayers are totally divorced from the cost of their demands. Actually my ideal system would be to totally eliminate mandatory withholding and force the individual taxpayer to be responsible for setting the money aside to pay their taxes once a year the way it was done up until WWII.

 

[EagleKeeper]

If you totally disconnect the responsibility of funding government activity from the voter what do you think the inevitable result of that will be? It is bad enough as it is with around 50% of the population receiving more in services than they pay in taxes. A politicians dream scenario would be to set up a system where the taxpayers are totally divorced from the cost of their demands.
<snip>

ie. California

 

[SagaLore]

If you totally disconnect the responsibility of funding government activity from the voter what do you think the inevitable result of that will be? It is bad enough as it is with around 50% of the population receiving more in services than they pay in taxes. A politicians dream scenario would be to set up a system where the taxpayers are totally divorced from the cost of their demands.

If ~50% of the population is receiving more in services than they pay in taxes, then the taxpayers are already divorced from the cost of their demands. And I don't see that getting better. Right now promises of tax cuts are being used to influence the vote, which I don't think is a healthy way to elect government officials, from any party.

 

[SagaLore]

ie. California

i.e., deficit spending mentality. Spending money they don't have.

 

[EagleKeeper]

where are you gonig to insert the vacum nozzle into the system?

With Taxes, of course! :whiste:

Same old refrain

Alternatively, we could ask the TSA where to insert the vacuum... :twisted:

We already know that. All orifices that are available

 

[MotF Bane]

Sagalore, it's wayyyy too early in the morning to be drinking.

 

[Scotteq]

i.e., deficit spending mentality. Spending money they don't have.

Well - There are States who have laws on the books that prevent them from running defecits. So rather than do away with all taxes in favor of some magical mystical system that allows the goobernmint to plunder our banks, wouldn't a more common sensical approach be to require the same level of fiscal responsibility of the Federal government??

The problem with that, of course, is the Senate and Congress would be tasked with writing and passing a law that cuts themselves off from their turn at the feeding trough. History shows this is certain to fail.

 

[sandorski]

Taxes are far better than this idea.

 

[SagaLore]

some magical mystical system that allows the goobernmint to plunder our banks

There is no sense in discussing the topic with you if this is your immediate evaluation and response to the topic. :\ The United States originally had a single national bank. Its charter didn't last. The second bank of the US was similar, but corporate run, until Andrew Jackson made it his mission to close it. Up until then the government got funds from these. The problem with these banks was that they were singular, so fraud and corruption directly affected our economy. With what we're seeing happening in the banking industry now, its no different, and we've flipped to where the government is now bailing them out, rather than the banks bailing the government out.

 

[Scotteq]

News for you: The Government has always raised money through Taxation. This started the moment that Congress realized the Revolutionary war had to be paid for. Please see "Whiskey Rebellion".

But thank you for the laughably ridiculous supposition that this country was somehow ever without Taxes/Tariffs.

From 1791 to 1802, the United States government was supported by internal taxes on distilled spirits, carriages, refined sugar, tobacco and snuff, property sold at auction, corporate bonds, and slaves. The high cost of the War of 1812 brought about the nation's first sales taxes on gold, silverware, jewelry, and watches. In 1817, however, Congress did away with all internal taxes, relying on tariffs on imported goods to provide sufficient funds for running the government

In 1862, in order to support the Civil War effort, Congress enacted the nation's first income tax law. It was a forerunner of our modern income tax in that it was based on the principles of graduated, or progressive, taxation and of withholding income at the source. During the Civil War, a person earning from $600 to $10,000 per year paid tax at the rate of 3&#37;. Those with incomes of more than $10,000 paid taxes at a higher rate. Additional sales and excise taxes were added, and an &#8220;inheritance&#8221; tax also made its debut. In 1866, internal revenue collections reached their highest point in the nation's 90-year history&#8212;more than $310 million, an amount not reached again until 1911.



Read more: History of the Income Tax in the United States &#8212; Infoplease.com http://www.infoplease.com/ipa/A0005921.html#ixzz16De72tDt