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Progressive Taxation vs. Regressive Taxation | Northeastern University |
Another penalty for those few supporting our country. Would be too complicated. We have spending problem, best way is to cut spending. Wasteful spending and fraud is off the charts.
No offense, it is a good thought, but to me, not the answer. |
How about all politicians needing to show their tax returns to show they paid taxes
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Their tax return is none of your business. Compliance is not your job.
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Tax the highest 3%
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Sigh. I have read them all. It will be far worse than any imagined and we will have to do what was done in the generation before mine...in the thirties. So start saving anything extra...reusing what you have and doing without. It is going to be tough. I hope it brings out some good traits in everyone they didn't know they had and makes people rethink things about large families and wasting money on things not necessary...and taking care of their own and expecting their own to work hard and do without too.
It will be difficult to say the least and there are no easy or simple answers. The government may need to do things like the New Deal to employ people. My generation will suffer a lot if they don't have savings that are safe. Everyone will suffer. Now is not the time to spend money on foolishness. |
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Well the rescue money is going to be spent to try to not have the economy collapse. People can't pay their rent, buy food, basic essentials. Most Americans do not have savings. So even the GOP has overwhelmingly supported this bail out. My quibble is your comment that it would be too complicated. It is no more complicated than the collection of sales tax when you buy something. When you would buy or sell publicly traded shares the agent collects the trade tax and remits it to the gov't just like the merchant who sells you a product does now with the sales tax collected. And as very few agents can do that sort of transaction all of which are large businesses like banks and Etrade, it could be reasonably straight forward, I think. |
Just saw this..
It is a slow day in the small town of Pumphandle, and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit. A tourist visiting the area drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night. As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher. The butcher takes the $100 and runs down the street to retire his debt to the pig farmer. The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Co-op. The guy at the Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit. The hooker rushes to the hotel and pays off her room bill with the hotel owner. The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything. At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves. No one produced anything. No one earned anything . However, the whole town is now out of debt and now looks to the future with a lot more optimism. And that, ladies and gentlemen, is how a Stimulus package works |
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The deficit would eliminate in just over a heartbeat. |
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That will at least slow down the increase of our own country's deficit. It won't bring us to a zero balance. But it might give us some breathing room to come up with other ways of catching up. |
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Good little tax cattle...Doubleplusgood!
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