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Originally Posted by Guest
"Tax Policy" is thinly disguised Type 2 legislation: screwing somebody in some fashion.
Fair tax is the flat tax on personal income only -- all tax after Income tax is Double taxation.
To achieve that, the Constitutional machinery has to be overhauled. Here's a place to start:
How to rid the Senate of Femo-Fascist idiots
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Huh? WHY should MY income...MY labor be taxed? WHY does the government think it's entitled to part of MY labor? It can tax imports, it can have a "use tax". But it SHOULDN'T be taxing the work I do as an individual person.
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Originally Posted by Guest
An honest discussion has to start with this so called tax reform is a direct transfer of our grandchildren’s future earnings to their parents and grandparents. Shame on us for supporting this piece of garbage.
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ONLY when you run a deficit year after year and owe $20 trillion that you'll NEVER pay back. It's OVER $60,000 PER man, woman, and child. A baby born today...owes more than $60,000 as his share.
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Originally Posted by Guest
Despite the sledge-hammer emphasis of the is post, I doubt the poster is sincere, since deficit spending has been a fact of life for decades, and I suspect this poster never mentioned deficits during the 8 years of Obama.
But I agree, debt policy is shows what an utter disgrace and fraud government fiscal policy is.
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Fraud is the only word you had to use. Government transfers our labor to themselves through the "money system". You see...we do actual work and they hand us pieces of paper. Then we have to give some of it back as "taxes" on out labor...and interest...for loans that are nothing more than a bank ledger entry. The bank puts nothing on the line. They don't have warehouses full of gold to back anything up. It's ledger entries. Numbers on a computer screen. MOST of the "money" doesn't exist anywhere as cash.
"In fact, economists estimate that only 8 percent of the world's currency exists as physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world."
"As of July 2013, currency in circulation—that is, U.S. coins and paper currency in the hands of the public—totaled about $1.2 trillion dollars. The amount of cash in circulation has risen rapidly in recent decades and much of the increase has been caused by demand from abroad."
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Originally Posted by Guest
People tend to forget or ignore the financial situation in this country in 2008.
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People ignore the financial situation the country is in NOW. $20 trillion in debt and borrowing over $1 trillion every year. We ARE bankrupt...the party won't last forever.
It will end within 30 years. An 80% minority America won't survive.
THAT is how you killed your grandchildren's future...you gave away "white America" and are replacing it with 3rd world America.