#21
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Re: Ron Paul on taxation?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Meanwhile, the riches 1%, earn 20% of all income in a year, while the bottom 50% earn 12%. [/ QUOTE ] momentary hijack I'm wondering what people think when they hear this statement. What does it mean to you? [/ QUOTE ] Good question. And when he says the "riches 1%" (sic), does he mean top 1% of income earners in that year? "Obviously" 20% is too much. I'm wondering, then, how much is the "correct" amount for the top 1% to earn. And what measures need to be taken to get to the correct distribution. [/ QUOTE ] Obviously the top 1% should earn, well, 1% LDO. He's right. We should just redistribute wealth, go straight to socialism. I'm anxious to see the quality of, say, health care in this country if doctors were paid the same as garbage collectors. |
#22
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Re: Ron Paul on taxation?
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#23
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Re: Ron Paul on taxation?
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I guess you can't save a report, here is the simulator though. http://www.nathannewman.org/nbs/ [/ QUOTE ] OK, so you were about to cut spending down to $600 billion? That still requires a replacement for the IT. What is it going to be? |
#24
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Re: Ron Paul on taxation?
OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax?
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#25
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Re: Ron Paul on taxation?
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OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax? [/ QUOTE ] It's not directed at me, but I'm a little confused reading your question. I would think the simple answer is: reduce spending and the need to taxation goes down and vice versa. If we repeal alot of government programs then we'll need fewer taxes. RP wants to remove a ton of programs so his plan would require greatly redueced taxes. In lieu of income taxes there are always sales taxes and tariffs. What exactly is the issue here. Cody |
#26
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Re: Ron Paul on taxation?
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OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax? [/ QUOTE ] There was no income tax until the 20th century (and brief periods in the Civil War). The government had enough money then. |
#27
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Re: Ron Paul on taxation?
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[ QUOTE ] OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax? [/ QUOTE ] It's not directed at me, but I'm a little confused reading your question. I would think the simple answer is: reduce spending and the need to taxation goes down and vice versa. If we repeal alot of government programs then we'll need fewer taxes. RP wants to remove a ton of programs so his plan would require greatly redueced taxes. In lieu of income taxes there are always sales taxes and tariffs. What exactly is the issue here. Cody [/ QUOTE ] Right, obviously his plan is to reduce expenditures to less than receipts. I believe that, unless he plans to repudiate the federal debt, expenditures will necessarily be more than is currently raised from non-income taxes. I want to know, more specifically, how RP plans to make up this shortfall. Sales tax? Tariffs? Repudiating the debt? Confiscating the assets of defense companies? |
#28
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Re: Ron Paul on taxation?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax? [/ QUOTE ] It's not directed at me, but I'm a little confused reading your question. I would think the simple answer is: reduce spending and the need to taxation goes down and vice versa. If we repeal alot of government programs then we'll need fewer taxes. RP wants to remove a ton of programs so his plan would require greatly redueced taxes. In lieu of income taxes there are always sales taxes and tariffs. What exactly is the issue here. Cody [/ QUOTE ] Right, obviously his plan is to reduce expenditures to less than receipts. I believe that, unless he plans to repudiate the federal debt, expenditures will necessarily be more than is currently raised from non-income taxes. I want to know, more specifically, how RP plans to make up this shortfall. Sales tax? Tariffs? Repudiating the debt? Confiscating the assets of defense companies? [/ QUOTE ] I'd guess attempting to cut the bazillion dollars a year we waste on entitlement programs and SS would be a great start. Then pulling out of Iraq. Edit: Ignore this statement, It's been a long day. |
#29
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Re: Ron Paul on taxation?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax? [/ QUOTE ] It's not directed at me, but I'm a little confused reading your question. I would think the simple answer is: reduce spending and the need to taxation goes down and vice versa. If we repeal alot of government programs then we'll need fewer taxes. RP wants to remove a ton of programs so his plan would require greatly redueced taxes. In lieu of income taxes there are always sales taxes and tariffs. What exactly is the issue here. Cody [/ QUOTE ] Right, obviously his plan is to reduce expenditures to less than receipts. I believe that, unless he plans to repudiate the federal debt, expenditures will necessarily be more than is currently raised from non-income taxes. I want to know, more specifically, how RP plans to make up this shortfall. Sales tax? Tariffs? Repudiating the debt? Confiscating the assets of defense companies? [/ QUOTE ] RP has said several times that he would support a national sales tax if necessary. |
#30
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Re: Ron Paul on taxation?
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...reduce spending and the need to taxation goes down and vice versa. [/ QUOTE ] The dirty hippies at the Cato Institute disagree that lowering federal tax rates reduces government expenditures. |
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