So republicans released their budget

[Red Front]

Federal income taxes existed in the Civil War.

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.

 

[BrokeLoser]

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

www.whitehouse.gov

Tax cuts always lead to more revenue for the treasury…all good hard working real Americans know this. You bottom feeding degenerates should champion ALL tax cuts for Americas best citizens because you free shit begging filth always end up with more…How do you think you’re paying for all your brown cockroaches from our south?

Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts​

Critics of the Trump tax cuts said they would blow a hole in the deficit. Yet individual income taxes climbed 6% in the just-ended fiscal 2018.

www.investors.com

John Edgar Slow Horses
Red Front
C_Clayton_Jones
Moonglow
0311

 

[Winco]

FJB and his little memo too.

Are you wishing death by Cancer for biden too?

 

[Toddsterpatriot]

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.

The point is that the government can run without income taxes

Sure, if they cut spending by 50% or more.

 

[Red Front]

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?

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.

https://www.cato.org/node/8967/embed

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.

 

[OKTexas]

Ok, OhPleaseJustQuit tell us, which part of that is fake?

​

All of it, you want to make God laugh, tell him your plans. Especially inside the dysfunctional beltway. The fact is entitlements are bankrupting the country, there has to be a discussion on how to address it. But all you commies can come up with is your chicken little self, screaming the sky is falling, the sky is falling. Right now the full retirement age for SS is 67, up from 65, back when people rarely lived beyond 60. 69 is not really outlandish when folks are living near 80 today.

.

 

[Red Front]

The point is that the government can run without income taxes

Sure, if they cut spending by 50% or more.

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.

 

[Clipper]

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.

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.

 

[Toddsterpatriot]

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.

https://www.cato.org/node/8967/embed

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.

Here is what you said.


There's no need to tax anyone's income, just tax transactions, including Wall Street and Forex trades

 

[Toddsterpatriot]

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.

We're only going to spend money on national infrastructure and improving people's lives?

In that case, we can cut spending by 75%.

 

[Crepitus]

Tax cuts always lead to more revenue for the treasury

That's a lie.

 

[LeroyDumonde]

The government doesn't need any taxes if it has the power to print money. Inflation only becomes a problem if the money supply grows faster than the economy. Of course that would require a sane government with fiscally responsible politicians. IOW, it will never happen.

 

[Red Front]

We're only going to spend money on national infrastructure and improving people's lives?

In that case, we can cut spending by 75%.

I guess we differ in our definition of "national infrastructure".

 

[Red Front]

Here is what you said.


There's no need to tax anyone's income, just tax transactions, including Wall Street and Forex trades

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.

 

[TheYellowKing]

Federal income taxes existed in the Civil War.

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

www.portablepress.com

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.

www.history.com

 

[Toddsterpatriot]

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.

"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.

Because taxing transactions would raise as much, or more, than income taxes. Right?

 

[kyzr]

How much tax on each transaction?

0.2% is my number

 

[Mac-7]

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

www.whitehouse.gov

Raising the retirement age by 2 years would save SS from going bankrupt

 

[skews13]

I'm good with all spending cuts, but not tax cuts.

Those tax cuts and military spending are responsible for 95% of the spending debt.

When you reverse those tax cuts, and freeze military spending. I'll take you seriously on debt spending.

Until then, nothing else gets cut until those things do.

 

[John Edgar Slow Horses]

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

www.portablepress.com

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.

www.history.com

See, you learned some things. Good on you! Your welcome.