Trump / FBI / Russians

Didn't know you were a woman and it really doesn't matter. You lost that argument.

 

Only in your poor poor workerbeme mentality mind, dear man.

 

Are you brain shaming me now? #metoo

 

I don't care for the #metoo cow herd mentality crowd.

 

Here’s what’s happening. Corporate tax cuts made it possible for business owners to reinvest into their company and in their employees. There have been countless companies who have given cash bonuses to their workers as a result of the tax cuts.

I have seen business owners talk about expanding their company, creating more jobs or being able to upgrade equipment and improving operations.

I have seen employees get a raise as a result of the company benefiting from the tax cuts. I have personally had my taxes lowered, so has my wife. Millions of people did too.

Business owner optimism is way up. This all means more opportunity for everybody.

It was designed to get the economy going and along with the deregulation efforts it worked! Now they’ll come back and do another round aimed at the middle class to give it another boost.

In addition to a booming economy unemployment is way down, and it is at an all time low in many categories, such as black, latino, and female workers.

Now, if you aren’t feeling the benefits, then you need to look at the company you work for, because they may not be passing on any of savings to you.

Then look at the state you live in, because state and local government could have tax laws that are preventing you from getting as much of a benefit as someone else.

Somewhere in those 2 things is the answer to your situation and why you aren’t seeing the benefits most likely.

 

That is exactly what the fed does. Not only with the fed fund rate but look no further than their balance sheet.

 

Do you agree with lower individual income tax rates? If not why?

 

I agree with 0% individual income tax rates and go to a consumption based tax system.

 

Please explain how a consumption based tax system works.

 

Why do you think we are unable to get to that system of taxation?

 

Federal sales/use tax

 

Super quick and dirty, you keep all your income and get taxed at a much higher tax (20-25%) on all (non-essential) items you buy. Your milk and bread stay the same price but you surfborts and cars get a lot more expensive. But again YOU get to decide how much taxes you want to pay based on how much shit you want to buy.

Technology is starting to produce far more taxable capital than labor. As machines replace jobs we it only makes sense that we tax more for the machine rather than the person it is replacing.

We live in a consumption based economy so why not tax that way? It would encourage people to save more I bet too.

 

Because our bloated government will never be able to get off of the teat of the American labor force.

Plus it takes the taxation power away from the feds, which will take an act of god to happen.

 

Sounds like a good way to stifle the economy into The Great Gepression 2.0, thank you for your explanation though.

 

Please explain your logic. You would get 100% of your paycheck to do what you want with it. So say you're giving 30% to Uncle Sam, wtf is he doing to help the economy with it? You could take that 30% and put it into and investment or open a business....

 

I see placing high taxes on targeted items putting certain industries out of business. People will simply avoid spending on things like that to avoid the tax. They won't care that they saved money on payroll tax, the human greed and self preservation will kick in. Also encouraging people to "save more" isn't going to stimulate the economy. You need people in the market place spending their money. They won't be doing that if encouraged to save and if there are high taxes on things they want to buy.

Also, how will society pay for all of the things that our taxes pay for currently under this system? While there is a lot of government waste, there is a lot of good things that our tax dollars fund. How will these things get their funding?

 

Oh man, the Dems would never go for this. The "poor" would get totally screwed lol. Then we'd have to come up with some other tax or levy or proviso so poor people could get non-necessity consumables subsidized or free.

Can't think of any govt on the globe that does this. Extremely radical thinking, out of the box. Interesting tho

 

How very Trump of me, no? lol

 

Like what industry? Because I would argue if it didn't survive it wasn't on sturdy ground to begin with (probably subsidized by uncle sam).

We will pay for things because you people must consume to survive in America. How many people do you know work from home? Grow their own food? Build their own TV, computer, air conditioners. People have to buy things to live in this country, therefore paying taxes. It is a federal sales tax essentially. Look at the every stimulus check handed out in the 2000's, how much of that money went into bank accounts and how much was spent on crap people buy.

The biggest risk of a consumption based tax plan is the rise of the black market. That could become a problem, but what tax plan is perfect?