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Off Topic Off Topic - General non-Corvette related discussion. |
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01-10-2023, 2:50pm | #21 | |||||||
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Joe six pack buys a new lawnmower and his cost is a little more. Fat cat Carl buys a new yacht and his cost is a lot more. Everyone has skin in the game. |
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01-10-2023, 3:05pm | #22 | |||||||
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What if both Joe and Carl buy the same thing --- like your example of the new lawnmower. Do both of them now pay the same total bill? |
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01-10-2023, 3:26pm | #23 | ||||||
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01-10-2023, 3:34pm | #24 | |||||||
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I'm not using words as a weapon but hopefully just common sense experience. This thing is a Vat tax. Its not just called that by some people, its just having more money Carl can afford to get higher priced items, and of course at that point he pays the more in tax. |
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01-10-2023, 3:50pm | #25 | |||||||
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It's not a VAT tax. VAT taxes are added throughout the production process as value is added to the product. The FairTax is simply a retail sales tax with prebates. |
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01-10-2023, 3:54pm | #26 | |||||||
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01-10-2023, 3:56pm | #27 | ||||||
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OK I will accept that. At some point most everybody reaches a point that they cannot purchase something. At that point the richer will be paying more tax.
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01-10-2023, 3:56pm | #28 | ||||||
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I’m not sure why a rich person should be forced to pay more for the same government as a poor person. It’s punishing the rich person for no good reason. Kind of the opposite of fair.
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01-10-2023, 4:27pm | #29 | ||||||
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01-10-2023, 4:51pm | #30 | |||||||
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If we’re talking fair, the government has very little to do and could probably shrink 90% and still have too many employees. Nobody should be paying for this nonsense, it shouldn’t exist as it currently does. Productive people and industry should be showered with incentives to continue being productive, not taxed. “Productive People Month” with a flag flying above all others. |
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01-10-2023, 5:36pm | #31 | |||||||
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https://www.bloomberg.com/news/artic...the-income-gap |
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01-10-2023, 5:40pm | #32 | ||||||
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01-10-2023, 5:45pm | #33 | |||||||
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Poor people do not have sufficient disposal income to invest. Plus the current tax and welfare state discourage investment, saving and wealth creation by the lower income people. |
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01-10-2023, 5:48pm | #34 | |||||||
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01-10-2023, 6:05pm | #35 | |||||||
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I favor a graduated flat tax. Minimum 2% up to 18 % for high income. What this will do in encourage investment across the income range as well as discouraging larger government since those on the bottom now have skin in the game. Works well in Singapore and HK. |
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01-10-2023, 9:21pm | #36 | ||||||
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Buddy's heart is in the right place: at least in this instance. Up until a couple years ago he was my pharmacist... it was pretty cool to pick up a prescription and actually talk to my representative!
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01-10-2023, 9:23pm | #37 | |||||||
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01-10-2023, 9:32pm | #38 | ||||||
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Flat tax on NEW purchases of 15% ( maybe 17%)
Food, clothes pay NO tax. Repair your house? NO tax. Buy / build NEW house? Taxable ~~~~~~~~~~~~~~~ If we stop wasting money having our nose everywhere ( Ukraine cough, cough, excessive money laundering) , this would work quite well. |
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01-10-2023, 9:46pm | #39 | ||||||
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this.
consider a 10% flat tax. someone earning say 40 grand spends most of their disposable money. say 8 grand, they pay 800 in tax. a dude making 500 grand tucks away 200-250 each year, pays his normal bills andspeds the rest. lets say 100 grand, pays 10 grand tax. |
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01-10-2023, 10:19pm | #40 | ||||||
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I like the consumption tax.
Buy a candy bar, x% Six pack, same x% Bunch of bananas x% Shotgun, same x% Refrigerator Car Yacht Jet All same x% No income tax No capital gains tax No dividend tax No tax on services No loopholes No bullchit No IRS |
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