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OK, I haven't checked, but I take your word for it. The point is that the government can run without income taxes, we have other ways to take money out of the economy, to control inflation. We don't need income taxes, especially when we have a sovereign, fiat currency.Federal income taxes existed in the Civil War.
Cuts to social security, medicare, medicaid, the ACA, and various other "entitlements".
But give a $5.5 trillion dollar tax cut to the wealthy and corporations.
THis is who they are folks. They don't give two wet shits about the common folks like you and me.
FACT SHEET: 80% of House Republicans Release Plan Targeting Medicare, Social Security, and the Affordable Care Act, Raising Costs, and Cutting Taxes for the Wealthy | The White House
In his State of the Union Less than two weeks ago, President Biden laid out his vision for an economy that gives the middle class a fair shot. He also warned that congressional Republicans “will cut Social Security and give more tax cuts to the wealthy,” that they continue to oppose the...www.whitehouse.gov
Are you wishing death by Cancer for biden too?FJB and his little memo too.
OK, I haven't checked, but I take your word for it. The point is that the government can run without income taxes, we have other ways to take money out of the economy, to control inflation. We don't need income taxes, especially when we have a sovereign, fiat currency.
You said it would raise enough to replace the income tax, but you have no figures to back up your claim?
That's funny.
Do people change their behavior in reaction to taxes?
Not at all, we can even increase the budget provided the money is allocated to national infrastructure and improving people's lives. That which generates more productive activity, leading to growth.The point is that the government can run without income taxes
Sure, if they cut spending by 50% or more.
It's called a Value Added Tax. The idea had been proposed before which went nowhere just like DeSantis did who brought up the idea during his bigly fail campaign.There's no need to tax anyone's income, just tax transactions, including Wall Street and Forex trades, and the US federal government would take more than enough money out of the economy to keep inflation at bay and maintain the value of the dollar. No income taxes are required. I say this as a far-left socialist who doesn't have much positive today about capitalism.
There are many ways to take money out of the economy, avoid hyperinflation, and preserve the value of the currency. Sales tax, property taxes, licenses, and permits, and government-run/publicly owned businesses, encourage the public to save money or invest it in treasury bonds and other investments..etc. Income taxes didn't exist until the early 20th century, around 1913.
When you claim that the government can't run without rich people funding it, you're just unnecessarily feeding their egos and giving more ammunition to the right-wingers who don't want the government to do anything other than bail out the rich and fight wars. You're only strengthening the right-wing rhetoric, pretending our federal government needs the rich's money to fund itself. It doesn't, we have a modern, sovereign, fiat currency, no longer tied to gold.
Our nation's GDP determines what our federal government's budget is going to be, not the wealthy elites paying their income taxes. Stop arming the right with these bad arguments and misconceptions.
This is what I said:
"There are many ways to take money out of the economy, avoid hyperinflation, and preserve the value of the currency. Sales tax, property taxes, licenses, permits, and government-run/publicly owned businesses, encouraging the public to save money or invest it in treasury bonds and other investments..etc. Income taxes didn't exist until the early 20th century, around 1913." So republicans released their budget
I didn't say just sales taxes but I wouldn't be surprised if sales taxes would be enough.
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www.cato.org
The best solution is to employ advanced automation and artificial intelligence to produce as much of the goods and services we consume and use, eventually eliminating for-profit production, along with its markets. That's the best modern, 21st-century solution but if we want to continue with the old, obsolete capitalist mode of production, we don't need to tax people's incomes, we can take money out of the economy via the aforementioned methods.
Not at all, we can even increase the budget provided the money is allocated to national infrastructure and improving people's lives. That which generates more productive activity, leading to growth.
Provide the post # when you quote a post for easy verification.Here is what you said.
There's no need to tax anyone's income, just tax transactions, including Wall Street and Forex trades
That was temporary, imposed on only those making over $800 ($28,000 today) A year and expired in 1872Federal income taxes existed in the Civil War.
www.portablepress.com
www.history.com
Provide the post # when you quote a post for easy verification.
This is what I said in that post:
"There's no need to tax anyone's income, just tax transactions, including Wall Street and Forex trades, and the US federal government would take more than enough money out of the economy to keep inflation at bay and maintain the value of the dollar. No income taxes are required. I say this as a far-left socialist who doesn't have much positive today ("to say" - typo correction) about capitalism.
There are many ways to take money out of the economy, avoid hyperinflation, and preserve the value of the currency. Sales tax, property taxes, licenses, and permits, and government-run/publicly owned businesses, encourage the public to save money or invest it in treasury bonds and other investments..etc. Income taxes didn't exist until the early 20th century, around 1913."
Context is king.
I obviously had a broader, more open view on what could be done, not just taxing Wall Street and Forex trades. You can pretend otherwise if it toots your horn.
0.2% is my numberHow much tax on each transaction?
Cuts to social security, medicare, medicaid, the ACA, and various other "entitlements".
But give a $5.5 trillion dollar tax cut to the wealthy and corporations.
THis is who they are folks. They don't give two wet shits about the common folks like you and me.
FACT SHEET: 80% of House Republicans Release Plan Targeting Medicare, Social Security, and the Affordable Care Act, Raising Costs, and Cutting Taxes for the Wealthy | The White House
In his State of the Union Less than two weeks ago, President Biden laid out his vision for an economy that gives the middle class a fair shot. He also warned that congressional Republicans “will cut Social Security and give more tax cuts to the wealthy,” that they continue to oppose the...
I'm good with all spending cuts, but not tax cuts.
See, you learned some things. Good on you! Your welcome.That was temporary, imposed on only those making over $800 ($28,000 today) A year and expired in 1872
Here's a pay table most didn't earn that much then
Where the Money Went…in 1860 - Portable Press
Here’s a look at how much money Americans made in the year just before the Civil War started…and what they had to spend that money on. Nickel and Dimed
And here's Taft who implemented a permanent income tax
How President Taft Established Income Tax | HISTORY
Republican president William H. Taft successfully advocated for a permanent, national income tax.
