Reflection of America's Mentality

[nynco]

I say that we return to the tax system that the founders left us with. TARIFFS paid for 90% of all federal tax collections up until the income tax. Today in a world with no tariffs, we are rapidly losing our middle class and ability to manufacture. Without manufacture, you can forget ever winning a war.

[jhood001]

This is a pretty good thread.

[nynco]

Dead wrong. The cost of living will rise to meet the level of wages. Wage earner gets $15 an hour and his Big Mac will cost him $12. Meanwhile, it costs even less to use overseas labor since you don't have to pay for their taxes and benefits. Now an American wage earner sits on his ass getting unemployment.

Bring back Tariffs, Because NO ONE can compete with a slave or a person willing to work and live in a mud hut.

[ChunkyMonkey]

So you agree that EVERYSINGLE GOP PRESIDENT since Reagan is just as bad. Ok, so do I.

You also just backhandedly admitted that trickle down economics don't work.

Sure, I can point out something bad with every single president. NOTHING works 100% as we wish them to be... It's not a pissing contest to me. I like how Clinton worked w/ GOP, but he fucked it up on the AWB before anything else. I am not even a registered republican.
But I can tell you that every single shit that the current POTUS is doing is bad. I am more concern about how the current democrat president is destroying future generations. Something that you still refuse to admit.

[ChunkyMonkey]

If someone would put forth a flat tax that made all income subject to it, I would not be against it. But that is because I get something that most of you people don't. Wage earners end take home pay is not dictated tax rates. That only matters to investment income earners. Raise taxes on wage earners and wages will rise to meet the level that a person is willing to work for for the given position. Taxes have no bearing on that number at all. Within a few short years wages will adjust to what that person needs to survive. It will however stop wallstreet from gambling.

A true flat tax without any attachment goes against everything that liberal truly believes in, don't it? Because you are all about making the successful pay more and the freeloaders pay nothing. Income is an income like you said.. I would concede that all investment income are the same as wage income, so personal wages included would be taxed equally... now you want higher wages as condition? Make up your mind.

[nynco]

A true flat tax without any attachment goes against everything that liberal truly believes in, don't it? Because you are all about making the successful pay more and the freeloaders pay nothing. Income is an income like you said.. I would concede that all investment income are the same as wage income, so personal wages included would be taxed equally... now you want higher wages as condition? Make up your mind.

I did not want higher wages, I said wages would increase to reflect the loss in purchasing power.

[Gman]

I did not want higher wages, I said wages would increase to reflect the loss in purchasing power.

This is genius at work! Who says a perpetual motion machine doesn't exist?

[ChunkyMonkey]

I did not want higher wages, I said wages would increase to reflect the loss in purchasing power.

As confusing as you are. I am going to assume that you'd agree with a flat tax system w/o any deductions for anyone/any entity, then there is hope for you. I am all for this. No special treatment to any class of citizen or corp. Tax the bottom 50%, we might catch up on the damn deficit afterall. Who cares about wages, the federal minimum already affected the free market as is. Leave it alone and let the market correct itself. You cannot be pro minimum wage and pro illegal immigrant workers at the same time afterall.

[HoneyBadger]

FLAT tax...like EVERY person in America send in $5K regardless of income level or nationality...that would be fair. No way we even get close to anything near fair.

I think a flat tax generally refers to everyone paying an equal percentage, say 5%, regardless of income level.

Wallstreet is at an all time high and Bush left the country in the toilet on the verge of total melt down. I would say Obama is doing better.

Still blaming Bush... Folks, what we see here is a typical failure to admit the mistakes of his precious deity... I mean, administration...

[HoneyBadger]

IF we have a tax based on an individual's income, it should be a flat tax. No more than 10%, no deductions, no credits. Everybody pays it regardless of income. If you don't want to pay your taxes, you forfeit your right to vote. If you don't pay taxes, you shouldn't be able to vote to raise mine.

Or we could cut the federal budget in half and not have any federal income tax whatsoever, individual or corporate.

I prefer option B.

I very much like proposal A. Voting in America has lost its power and meaning. If only law-abiding citizens and citizens who pay their flat tax could vote, we wouldn't be voting these clowns into office to wreck our lives. That being said, we need to fix the mess we're in first.