Actuallu Uncool Rabit both you and Tom are on to something but just
like the opposite side that gives the impression that only the well
to do pay taxes that hurt you two are also overgeneralizing but you
are overgeneralizing more than Tom. Tom's idea and the Boston Tea
Party is partly on the right road but still greatly fails to adress
the issue of the real class problem in the US and it slightly
overgeneralizes the 3 classes that are far from the real
problem.
The real class problem is not between the poor, middle and
upper classes but between the political class and everybody else,
everbody else by a big percent are probably members of the lower and
middle class especially the very middle and below, the political
class as a percentage probally tend to be members of the upper class
and the upper middle class in other words those making over the
median family income of around 60,000 is where the vast majority of
the political class with a majority probably being in the top 1% of
income earners and or asset controlers, the majority of the political
class tend to get much more of their income from other sources other
than wages or salary that the nonpolitical class, the political class
tends to get much more of its income from government prvildge than
the non political class
does.
Now this does not mean that every rich person is a member of the
political class and no poor or lower middle class are members of the
political class so the income tax is a piss poor way of dealing with
the problem of class, it is a piss poor way of dealing with justice
and it tends to harm the real economy, sales tax, property tax and
even the Land value tax aren't much better, actually the property tax
and Land value tax are much more unjust if people are runned out of
their homes and non corporate business because they can't pay the
property tax but the Land value tax generally would be much better
for the economy since the owner has no input to creating the
unimproved value of his
site.
I do almost agree with you that since the well off gain more from
government then it should be the well off who pays for the biggest
share of government funding but I would say that it should be the
well off political class and they should pay for the Lions share of
government funding, the non poltical class rich, middle class and
poor should pay nothing because it is not their government, they may
want a government and I do too because one way or another you are
going to have a government or governments unless people in general
just give way compltetly to short term instant gratification but what
we have is the political class's government so they should be the
only ones to pay for their government.
The few poor and lower middle
class political class members should pay something to be fair but the
well to do political class members should pay the biggest
percentage.
One possible source of revenue would be to charge the
Federal Reserve a fee on the Federal Reserve note and the notations
represented by the Federal Reserve Note, a economist from the
University of WIS. at Madison describes both as a user fee and a
tranasction tax, cash tranactions would never be taxed except when
they go into the Banking system and when they go out, Liberty
Dollars, E-gold Time Dollars, Atica Dollars and barter would not be
taxed since they do not deal with the Federal Reserve/FDIC baning
system or the Federal Reserve Notes.
The US has over 850 trillion
dollars of tranactions per year increasing yearly, less than 5% of
tranactions are cash, less than 5% are wages, less than 5% are retail
sales. At least 80% are currency trading tranactions ( with a great
majority being speculative, government bond trading, corporate bond
trading, stock options, futures and Real Easte
tranactions.
Current total government spending for all US governments
is around 4 trillion a year, so without any drop in tranactions, a
transaction fee of a little less than 0.475% or 4 dollars and 75
cents on every 1000 dollars in transctions or less than 10 cents for
every 20 dollars or 4 thousand 7 hundred and 50 dollars on every
million. If wages, retail, wholesale, jobber, manufacturing, farming,
mining, utilities and non finical or real estate tranactions are
exempt then increase the fee by 20% for a fee a little less than
0.57% or 5 dollars and 70 cents on every 1,000 dollar tranaction
where the fee applies. Of course tranactions will be reduced
especially since much of the tranactions are speculative FOREX type
currecy trades on a daily base. If all taxable tranactions are cut in
half, doubling the tax to over 1.1% is likely not to make up the
short fall, so it is likely the fee could not be flat on all the
taxable
tranaction.
Increasing the fee on the unimproved land and natural
resource value tranactions, on government privildge such as corporate
copyrights, corporate trademarks, corporate patents, corporate
licences in the use of broadcasting, the use of utlity right of ways,
corporate hospital lincence and corporate or LLC professional licence
would likely result in being able to cut the tranaction fee a lot on
currency trades. Also small corporations and LLCs could probably be
exempt from most of the above fees without much reduction in revenue
but I see no reason to cut the fees of large nonprofit corporations
including those run by the government including the pension funds
corporations of government employees.--- In
[email protected], "uncoolrabbit" <[EMAIL PROTECTED]> wrote:
>
> Why give in to defeatism? Solutions are possible if people persever
> and do not give in to the justifiable feelings of powerlessness.
>
> From Thomas Knapp's blog:
>
> The Boston Tea Party calls for legislation adopting an annual,
> regularized increase in the personal exemption to the federal
income
> tax of $1,000 or more, and the additional application of said
> personal exemption to all FICA/Social Security taxes paid by
> employees and employers.
>
> Members of Congress (mostly Democrats) routinely propose and vote
> for increases to the personal exemption, so it's politically doable.
>
> Increases to the personal exemption give EVERYONE who pays taxes a
> tax cut, from the janitor at the local factory to Bill Gates.
>
> Increases to the personal exemption remove people from the tax
rolls
> and withholding treadmill entirely (every time the exemption goes
> up, more people's income falls below the taxable amount).
>
> Applying the personal exemption to Social Security payments would
> address the extreme regressivity of the Social Security system. The
> poorest people pay proportionately the most in Social Security
taxes
> (since the requirement to pay is capped at a certain income level
> in, I believe, the $60K range), and they receive the fewest
benefits
> (due to shorter lifespan).
>
> Eliminating the income tax is the best option. Failing that,
cutting
> it is. Replacing it with a tax that doesn't cut taxes, doesn't
> remedy redistribution problems, doesn't eliminate (or probably even
> reduce) the associated bureaucratic and administrative costs, and
> puts every American on government welfare is just a scam if the
goal
> is to reduce or eliminate taxation.
>
>
>
> --- In [email protected], "big_azz_ham" <big_azz_ham@>
> wrote:
> >
> > >> Though they pay more of the total of goverment income,
> individualy
> > they are not paying a larger percentage of there disposable
> income.
> >
> > Why should anyone have to pay any percentage of their income,
> > disposable or not?
> >
> > Yes, I am for eliminating the income tax. However, it's a moot
> point
> > as we have passed the point of no return. We are going to
achieve
> > economic armeggedon in my life time. The federal debt is $8.5
> TRILLION
> > and getting larger every year. Last year, the interest payments
> alone
> > amounted to $406 BILLION. 95% of all income taxes are paid by
the
> > upper 50% of household income which means half the households
> don't pay
> > anything. Eventually, countries like China will stop buying our
> debt
> > when it looks like we will become insolvant. That's when the
> > government will crank up up the printing presses and try to print
> their
> > way out of this mess. The dollar, which is already a fiat
> currency,
> > will be become worthless. It's so predictable.
> >
> > In a word, we are screwed.
> >
>
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