Explain to me again why a national sales tax wouldn't work..

[skoda]

Sales taxes discourage spending which you don't want to do unless people are spending too much, which we are not. Income taxes mathematically effect inflation. All a balancing act. You might think 0% income taxes would be better for the country, but it would not change the basic mathematics of how the economy works. No easy solutions.

Wrong... PUBLIC UNIONS are the reason America is not America!

 

[akphidelt]

Wrong... PUBLIC UNIONS are the reason America is not America!

Lol!!

 

[Illini]

There were no income taxes nor inflation until the creation of the Federal Reserve.

 

[akphidelt]

There were no income taxes nor inflation until the creation of the Federal Reserve.

Actually inflation/deflation was far worse before the fed. To say there was no inflation defies mathematics. Which never works out well in an argument.

 

[TheComputerGroup]

You want the govt to print money, not a private organization like the Federal Reserve.......

Income tax is a scam.......

 

[akphidelt]

You want the govt to print money, not a private organization like the Federal Reserve.......

Income tax is a scam.......

Private organizations do print the money. They are called banks. The fed prints reserves which are meaningless in terms of the private sectors money.

 

[guitarjosh]

There were no income taxes nor inflation until the creation of the Federal Reserve.

There was actually a lot of both, depending on the period, but we were for most of the time on the gold standard, and got lucky finding enough gold to offset any deflation.

 

[comrade666]

to begin with, people who save and accumulate wealth would not being taxes on all their income. Encouraging people to save, while prudent, does not create economic growth

people at the other end of the spectrum would start paying a higher % of the overall tax burden as the money spent on basic necessities won't have the same deviation as the tax on income does

and people who already paid taxes on their income would be taxed again on that same income when they spend it, while people who already spent their income won't suffer the same consequences


I'm not going to defend the current tax code, it's a crock of shit being stirred and stirred and stirred again by incompetent politicians, but a simplified and fair income tax system would be the most prudent way for the government to raise moneys.

Now, if we ever stop growing the size of government at much quicker rates than population growth and economic growth, we wouldn't have to continuously look for new and more and never ending tax increases.





PS: no matter what tax code changes are made, somebody will come around and make more changes after the election cycle. It's what they do, it justifies their existence

i give you credit for saying that national sales tax would be unfair towards lower income groups

 

[TheComputerGroup]

The international monetary system has actually collapsed 3 times in the past 100 years. Another collapse is on its way & the question is when?

The problem now a days is we are on a global dollar standard. The reason paper money works is because there's faith in it.

Have you ever asked yourself why gold & diamonds are worth their value? I mean, its just something found on this earth & we as people put a this value on it. In the future, the air we breathe or the water we drink might be worth more than the price of gold.

Now a days, we are printing too much money, taxes are way too high & the growth of businesses, etc is low.

After the 2008 collapse, the fed rescued the economy by printing 3.5 trillion dollars for the next several years, so they told this but it wasn't true.

The fed balance sheet went from 800 billion to 4.3 trillion. The fed guaranteed every market fund in the USA & every bank account.......also, the fed bailed out the European banks, etc & if you follow the trail, its close to 80 trillion that the fed printed instead of the 4 trillion they stated. It's all lies & they will keep lying & there is no way we can sustain this & the dollar is weaker than ever before.......

Like I stated before, I think we do see some kind of an economic collapse within the next 2 years but I hope I'm.wrong, this isn't like trying to predict a football game, this is mankind's lifeline we are talking about.

 

[akphidelt]

The international monetary system has actually collapsed 3 times in the past 100 years. Another collapse is on its way & the question is when?

The problem now a days is we are on a global dollar standard. The reason paper money works is because there's faith in it.

Have you ever asked yourself why gold & diamonds are worth their value? I mean, its just something found on this earth & we as people put a this value on it. In the future, the air we breathe or the water we drink might be worth more than the price of gold.

Now a days, we are printing too much money, taxes are way too high & the growth of businesses, etc is low.

What is "too much money"?

After the 2008 collapse, the fed rescued the economy by printing 3.5 trillion dollars for the next several years, so they told this but it wasn't true.

They didn't print $3.5 trillion dollars. They printed 3.5 trillion reserves. None of which are used in the real economy. It was nothing more than a way to target their interest rates.

The fed balance sheet went from 800 billion to 4.3 trillion. The fed guaranteed every market fund in the USA & every bank account.......also, the fed bailed out the European banks, etc & if you follow the trail, its close to 80 trillion that the fed printed instead of the 4 trillion they stated. It's all lies & they will keep lying & there is no way we can sustain this & the dollar is weaker than ever before.......

Like I stated before, I think we do see some kind of an economic collapse within the next 2 years but I hope I'm.wrong, this isn't like trying to predict a football game, this is mankind's lifeline we are talking about.

They did not print $80 trillion. That's not even logical. That ridiculous number comes from adding up their overnight loans.

Data shows... that even with these "collapses", we are still increasing our standard of living tremendously, which is really all that matters.