Remove ALL taxes.

[SagaLore]

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

Where did I ever say that or even imply it?

 

[Scotteq]

Where did I ever say that or even imply it?

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.

You said the US Government got it's funds from the Banks. This is laughable and asinine.

 

[Hayabusa Rider]

I can't fathom how this works. "The government owns the economy" is completely at odds with " 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."

To use different words "Government controls all means of production, ownership and distribution of Blurbs which would allow you to keep all your Blurbs you earn."

No, what that means is that government has all Blurbs, or to put it back into monetary terms they own everything and that means you own nothing because the economy is everything that has financial value.

 

[SagaLore]

You said the US Government got it's funds from the Banks. This is laughable and asinine.

That was not an absolute. You said it was mystical, but in fact it is historical. The second bank of the united states was formed after the war of 1812 when the government could no longer finance anything.

 

[JMapleton]

So no one can own businesses?

So we're all just worker slaves for the state?

How do you start a business? Ask for the government for permission?

OP needs a head exam.

 

[QuantumPion]

The only way to abolish all taxation would be to abolish all government spending that is not paid for by voluntary contributions.

Every dollar that the government spends takes a dollar out of the economy either directly (taxes) or indirectly (inflation/higher interest rates).

 

[piasabird]

This is called communism or some form of that or socialism. It would not work because the government would not be able to run any business at a profit.

 

[JS80]

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.

Mr. Madison, what you've just said... is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

http://www.youtube.com/watch?v=5hfYJsQAhl0

 

[ElFenix]

The only way to abolish all taxation would be to abolish all government spending that is not paid for by voluntary contributions.

Every dollar that the government spends takes a dollar out of the economy either directly (taxes) or indirectly (inflation/higher interest rates).

due to dead weight loss it's actually more than a dollar taken out for every dollar spent. :whiste:

 

[sandorski]

This is called communism or some form of that or socialism. It would not work because the government would not be able to run any business at a profit.

Pretty much this, although the OP probably doesn't think so. However, it's pretty much the whole Basis of Marxism.

 

[Capt Caveman]

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.

Yes! B/c we don't need roads, fire, schools, police, jails or the military!!!!

 

[manimal]

Pretty much this, although the OP probably doesn't think so. However, it's pretty much the whole Basis of Marxism.

yes marxism


http://image.lyricspond.com/image/r/artist-richard-marx/album-richard-marx/cd-cover.jpg

 

[Dr. Zaus]

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.

Interesting idea.

We could do exactly this but also not drain from anything. 100% deficit spending plus no inflation would be awesome, we could simply make up the difference in interest (which is what stealing from the banks would lead to anyway).

The government doesn't need money, we just need a way to balance out the added money the government spends with the money available to the private sector. Taking from banks would have the same net-effect that changing the reserve ration would.

But why am I going to put my money in a bank in the first place if I know the government is just going to take from it / reduce its value?

Surely at our rate of spending putting the anti-inflation-load entirely on debtors would lead to much less debt, much less ROI for banks, much less investing for corporations and so forth.

 

[IGBT]

it's too late. america is now the equivalent of Needle Park for social entitlement junkies.

 

[hal2kilo]

yes marxism


http://image.lyricspond.com/image/r/artist-richard-marx/album-richard-marx/cd-cover.jpg

http://www.google.com/imgres?imgurl...a=X&ei=GjbwTIimK4nGsAOIz-m3Cw&ved=0CCkQ9QEwAg

 

[zephyrprime]

State owned banks and federal credit unions.

Much worse than taxation. Zimbabwe and to a lesser extent Venezuela work on this principle. Printing up money to fund yourself leads to a much more tyranical government because the government doesn't need to populace to support its funding. Also, you are letting yourself implicitly believe that taxation is one of the worse forms of economic disincentives there is therefore being relieved of taxation would be a great boon. However, history shows that governments that can self fund are an even worse economy disaster. Bad is not as bad as worse.

 

[Cogman]

The only way the government could take from the economy what it needs is if it had absolute control over the economy. Do you really want that?

 

[Hacp]

That's communism buddy. Go back to Cuba, we don't want you here.

 

[ThatsABigOne]

Interesting idea, but how is the government going to enforce the laws?

 

[Zebo]

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.

The govt already owns the economy.

The government today is deciding winners and losers with monetary policy. Get a loan or grant of descression stay in business if not you're SOL.

We no longer own our property, we effectively lease it through ad-valorem property taxes.

2/3 of Americans depends on govt spending either directly or curosry. How many walmarts are open due to welfare and SS? Check sales when checks come in. My brother owns a small rural pharmacy and over 60% of his payments come from govt

Not to mention the Fed which controls everything and is rebated all your production returned aka interest.

 

[hal2kilo]

The govt already owns the economy.

The government today is deciding winners and losers with monetary policy. Get a loan or grant of descression stay in business if not you're SOL.

We no longer own our property, we effectively lease it through ad-valorem property taxes.

2/3 of Americans depends on govt spending either directly or curosry. How many walmarts are open due to welfare and SS? Check sales when checks come in.

I wonder how much the 700 Club depends on welfare checks?