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Mommy, why are poor people poor?Follow
[quote]He advised that states should try shifting the source of tax revenue more toward consumption-based, such as sales tax, from income and capital gains ****************** this guy.
Rachel9 wrote:
Quote:
He advised that states should try shifting the source of tax revenue more toward consumption-based, such as sales tax, from income and capital gains taxes.
How about a progressive consumption tax?
Alan D. Viard wrote:
....completely replace the income tax with a progressive consumption tax. We can do this by adopting a personal expenditure tax, which requires taxpayers to file returns on what they compute their consumer spending by subtracting saving from income. Spending above an exemption amount is taxed at graduated rates, with higher brackets for those with higher spending. Or, we can adopt a Bradford X tax, which splits consumption into two pieces, wages and business cash flow, and taxes them separately. Workers are taxed on wages at graduated rates, above an exemption amount, and businesses are taxed on cash flow at a flat rate, equal to the highest wage tax rate. Under either system, tax credits can be paid in cash to poorer households.
Alma wrote:
I lost my post
Well there's an interesting idea.
Why not tax unproductive money rather than productive money? I mean inflation already does this to an extent. barring collection difficulty it would be a better place to tax. The goal here is to be a facilitator of flux rather than a drag constant.
Just as Planned.
Or you could just forgive the ~11T in publicly held debt. After all you borrowed the money from yourselves. If I owed myself 11T id probably just tell myself to forget it.
HEY GOOGLE. **** OFF YOU. **** YOUR ******** SEARCH ENGINE IN ITS ******* ****** BINARY ***. ALL DAY LONG.
rdmcandie wrote:
Or you could just forgive the ~11T in publicly held debt. After all you borrowed the money from yourselves. If I owed myself 11T id probably just tell myself to forget it.
. . .
Just as Planned.
Timelordwho wrote:
rdmcandie wrote:
Or you could just forgive the ~11T in publicly held debt. After all you borrowed the money from yourselves. If I owed myself 11T id probably just tell myself to forget it.
. . .
Don't be mean to him TLW, it'll just make him post more.
If I owed myself 11t, I'd break one of my own knees to make sure I paid myself back.
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
lolgaxe wrote:
If I owed myself 11t, I'd break one of my own knees to make sure I paid myself back.
If I owed myself 11t, I'd ask the next generation to pay me back.
Dandruffshampoo wrote:
Curses, beaten by Professor stupidopo-opo.
Annabella, Goblin in Disguise wrote:
Stupidmonkey is more organized than a bag of raccoons.
Timelordwho wrote:
rdmcandie wrote:
Or you could just forgive the ~11T in publicly held debt. After all you borrowed the money from yourselves. If I owed myself 11T id probably just tell myself to forget it.
. . .
Thats a cute reply...Outside of the 4.6T Held by Foreign investment and ~1T Held by Domestic investment the remaining ~11T is held by the public (or Citizens of America.) and they owe it only to themselves. The Federal Reserve can option this year alone to eliminate 2T in debt. The remainder of the debt is held in various insurance and securities held by the American public. Which is about 9T in total value.
If the people who held debt voted to consider it debt paid this would eliminate about 9T from US Debt.
If the people who run the Fed voted to consider it debt paid this would eliminate about 2T from US Debt.
Leaving just the 1T held by Domestic Holdings, and 4.6T Foreign Holdings.
I mean the combined world public debt is around 50T, where did we get the money if not from ourselves. This of course excludes the some 25T in international Government investments of nearly 25T. 2/3rds of the Worlds estimated money supply is Debt. 313% of Global GDP.
Where did we borrow the money from? Venus?
Clean the slate and move on...its evident debt doesn't mean **** anyway.
Edited, Nov 11th 2013 3:26pm by rdmcandie
HEY GOOGLE. **** OFF YOU. **** YOUR ******** SEARCH ENGINE IN ITS ******* ****** BINARY ***. ALL DAY LONG.
That money is held by individuals, however. It's the trust funds that grandmas bought for their grandkids to pay for college. It's where people directed some of their mutual funds to put their retirement savings. It's money that is held as an asset, and you can't just tell people that the bonds they purchased are no longer worth the paper they're printed on without having riots in the street.
I say we just ignore the debt held by the Venusians. Interplanetary war be dammed.
That monster in the mirror, he just might be you. -Grover
Catwho wrote:
That money is held by individuals, however. It's the trust funds that grandmas bought for their grandkids to pay for college. It's where people directed some of their mutual funds to put their retirement savings. It's money that is held as an asset, and you can't just tell people that the bonds they purchased are no longer worth the paper they're printed on without having riots in the street.
Which is why the individuals vote. Welcome to democracy.
1) Get rid of the debt $'s go back to 1:1 vs COL base currency value not on national costs, but Trade Surplus/Deficit, and International Investment only. (long term value stability)
2) Or pay people more money (short term value stability)
Number of pieces of paper already mean nothing, same with Bonds (which lose annually about 1.5% of value vs COL increases). Ultimately to fix the issue with poverty people either need more pieces of paper, or they need their current pieces of paper to retain value.
(also the US bond market debt is over 31T. Government doesn't have the money there to pay out on bonds, no governments do...they are essentially an ignored global debt. which is in total about 83T)
Edited, Nov 11th 2013 6:21pm by rdmcandie
HEY GOOGLE. **** OFF YOU. **** YOUR ******** SEARCH ENGINE IN ITS ******* ****** BINARY ***. ALL DAY LONG.
rdmcandie wrote:
Which is why the individuals vote. Welcome to democracy.
rdmcandie wrote:
Catwho wrote:
That money is held by individuals, however. It's the trust funds that grandmas bought for their grandkids to pay for college. It's where people directed some of their mutual funds to put their retirement savings. It's money that is held as an asset, and you can't just tell people that the bonds they purchased are no longer worth the paper they're printed on without having riots in the street.
Which is why the individuals vote. Welcome to democracy.
1) Get rid of the debt $'s go back to 1:1 vs COL base currency value not on national costs, but Trade Surplus/Deficit, and International Investment only. (long term value stability)
2) Or pay people more money (short term value stability)
Number of pieces of paper already mean nothing, same with Bonds (which lose annually about 1.5% of value vs COL increases). Ultimately to fix the issue with poverty people either need more pieces of paper, or they need their current pieces of paper to retain value.
(also the US bond market debt is over 31T. Government doesn't have the money there to pay out on bonds, no governments do...they are essentially an ignored global debt. which is in total about 83T)
Edited, Nov 11th 2013 6:21pm by rdmcandie
[:Lack of knowledge about global finance intensifies:]
Just as Planned.
His Excellency Aethien wrote:
rdmcandie wrote:
Which is why the individuals vote. Welcome to democracy.
Except they wont be the one's voting. The party they put into power will. And all they have to do is lie to them and say something like "If you like your 401k, you will get to keep it". Simple, right?
King Nobby wrote:
More words please
That only works once.
SCORE!!
SCORE!!
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
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